A strong small and medium-sized enterprise (SME) sector can contribute much to a country's economy by fostering innovation, creating jobs, and reducing poverty. This paper examines the status of SME finance in Georgia and the involvement of Georgian SMEs in global value chains. The role of SMEs...

This paper analyzes the situation of SMEs in Mongolia, especially their financial situation and financing mechanisms, the business environment, the existing policies, and value chain analysis, and makes suggestions for enhancing their development. Value chains that have their potential developed...

We partnered with a micro-lender in Mali to randomize credit offers at the village level. Then, in no-loan control villages, we gave cash grants to randomly selected households. These grants led to higher agricultural investments and profits, thus showing that liquidity constraints bind with...