Question
What World Bank initiatives support small and medium enterprises (SMEs)?
Answer
The World Bank supports SMEs through various initiatives, including improving access to finance via credit lines and guarantee schemes, offering technical assistance for business development, and advocating for regulatory reforms that ease the cost and complexity of doing business. These efforts aim to foster an environment where SMEs can grow, innovate, and create jobs.
From World Bank President Ajay Banga: Why Jobs Drive Global Economic Stability by Nikhil Kamath
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