Market Watch - December 2023

Market Watch - December 2023


SME Finance News and Events: Your Monthly Round-up


December 2023 Edition


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Editor's Pick

Must Read Reports

Innovations in Financial Services for MSME

SME Finance Forum

Handbook for Scaling Irrigation Systems


Building Green: Sustainable Construction in Emerging Markets


OECD: Financing SMEs for sustainability - Drivers, Constraints and Policies


Shaping the Future of Cross-Border Fast Payment Systems: Revolutionizing Transactions in South-East Asia

World Economic Forum

White Paper on Universal Trusted Credentials (UTC): Transforming Access to Finance for MSMEs and Beyond


Finding value in generative AI for financial services

Technology Review

The Sustainability Assessment and Improvement Tool for Midsize Growth Companies



Regional Highlights 


Business Case Update #6 Lower Nonperforming Loans (NPLs) for Women-Owned SMEs: The data shows why financial institutions should pay greater attention to women’s SME and retail segments. Women-owned SME (W-SME) loan portfolios consistently exhibit lower NPLs than total SME portfolios. In a surveyed sample of 140 IFC client financial institutions (FIs) in 2022, the average NPL ratio for loan portfolios of WSMEs was 3.6%, significantly lower than the average NPL ratio for total SME loan portfolios (4.7%), comprising men- and women-owned SMEs. 


Boosting support to SMEs and women-led businesses in Paraguay: The investment of US$112.5 million in Banco Continental SAECA includes a senior “A” loan of US$50 million, a “B” loan of US$25 million, and a trust loan under IFC’s Managed Co-Lending Portfolio Program (MCPP) of US$37.5 million.


Upcoming Events

COP28 Event: Bridging the Climate Finance Gap: Leveraging Carbon Markets to Mobilize Private Capital

World Bank 

05 Dec, 2023


COP28 Event: Unlocking the Potential of Railways through Climate Finance

World Bank 

06 Dec, 2023


Defining Pathways for Nature Finance

World Bank 

09 Dec, 2023


Training - Sustainable MSME finance into practice and profit

SME Finance Forum

06 Feb, 2024


Immersion Program - First National Bank, FNB

21-22 Feb, 2024


SME Finance Headlines


OECD - Recommendation of the Council on SME Financing

SME Finance Forum

Black Friday causes heightened anxiety for almost 70% of small business owners

Business Matters

UK Export Finance unveils extra support for SME exporters


Asia Pacific

SDFC, the Maldives’ first financial institution focused on MSMEs, joins the SME Finance Forum

SME Finance Forum

India to lead global effort to tap MSME potential: Sitharaman

Financial Express

Transforming MSME lending in India by leveraging advancements in credit decision support technology and contextual data

SME Finance Forum member Uplinq

New Early Childhood Development Center Unveiled in Batticaloa, Signaling New Business Opportunities for Sri Lankan Women Entrepreneurs

IFC Press

IFC, the Monetary Authority of Singapore and the World Economic Forum Partner to Advance Digital Inclusion in Emerging and Developing Markets

IFC Press

Enterprise Financing: Government industrial funds expand SME financing channels in China


How Singapore got so good at SME banking

Asia Money 

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NBC disseminates financial awareness in Kampong Thom and SR

Khmer Times

Wing Bank to offer Agri-SME loans, quicken sector growth

Phnom Penh Post

Sewing success: Bangladesh renews global ties to fuel next wave of apparel growth

Apparel Resources

Sri Lanka to get more ADB, WB budget support loans after IMF review

Economy Next

HBL, Visa to support women SMEs

The News

Asia Pacific Foundation of Canada to Lead Canadian Women-only Business Mission to South Korea and Thailand

Yahoo Finance

Empowering Malaysian SMEs through Special OGSE Financing

The Edge Malaysia

SMEs close down operations amid mounting debts

The Nation

Transforming MSME lending in India by leveraging advancements in credit decision support technology and contextual data

SME Finance Forum


Middle East and North Africa 

IFC Invests in CRDB Bank’s First Green Bond to Finance Climate-friendly Development in Tanzania

IFC Press

Middle East turns to sustainability supply-chain financing

Euro Money

Dubai launches US$ 136 million venture capital fund designed to finance technology startups

Yahoo Finance

Abu Dhabi launches SME Finance Facilitator program to propel sector

Arab News

Mideast conflict could force gaze of financial institutions away from global economic challenges

Arab News

Why has Kuwait’s startup ecosystem fallen behind?


Germany Commits to Funding Sustainable Energy Initiatives Across Africa

Tech in Africa

Shaping a prosperous intra-Africa trade landscape

African Business

Ecobank and African Guarantee Fund Sign Transformative USD 200 Million Risk-Sharing Agreement


Continued growth of Africa’s FinTechs can unlock greater economic prosperity

Tech Trends KE

Jordan’s credit rating remains steady amid regional challenges

Arab News

New EBRD programme supports youth entrepreneurship in Morocco



Europe and Latin America and the Caribbean

IFC Partners with Raiffeisen Bank to Boost Sustainable Growth in Romania

IFC Press

IFC and DFC Invest in Pomona Impact Fund II to Foster Growth of SMEs, Strengthen Private Equity Markets in Central America

IFC Press

IFC Invests in Banco Continental to Increase Lending to SMEs and Women-led SMEs in Paraguay

IFC Press

Afreximbank to raise facility to CARICOM states to $3bn

Business Day

EBRD and Ardshinbank provide fresh funds for Armenian firms, partially supported by the EU


APEC Bolsters Efforts for Green Transition, Local Business Support

Mirage News

EBRD and Swiss government support women-led businesses in the Kyrgyz Republic


New green finance for SMEs and underserved individuals in North Macedonia


Visa pledges $100 million to enhance support for underserved and women-led micro, small businesses

Financial Express

EBRD and Sweden back women-led SMEs in and outside of Ukraine


Saudi development fund commits $90m for infrastructure development in Caribbean states

Arab News

EBRD expands cooperation with HSBC in Armenia


Caribbean Export and Business France join forces to catalyze private sector growth in the Caribbean

EU Reporter

EBRD and EU support Serbian SME’s green transition


EBRD loan to Banka për Biznes boosts MSMEs in Kosovo




Friday, December 1, 2023