SMEs in Developing World Need More Than $2 Trillion, Says International Finance Corporation

Tuesday, April 29, 2014

This huge financial gap if met, will enable these small and medium enterprises create jobs and help end the high level of unemployment in Africa.

At the 2014 Spring Meetings of the IMF/World Bank Group, participants at the seminar on Digital Finance and Financial Inclusion organised by IFC, World Bank Group disclosed that more than 2.5 billion people globally do not have access to formal financial services.

Source: allAfrica (link opens in a new window)

Categories
Entrepreneurship
Tags
financial inclusion, jobs, mobile money, small and medium enterprises, unbanked