SME lending`s development in the countries of Organization for Economic Cooperation and Development
Annotation
small and medium enterprises (SMEs) are the key to sustainable economic development and solution to a number of social issues in many regions. Almost all enterprises in the Organization for Economic Cooperation and Development`s regions (further OECD) belong to the category of small or medium, and they generate about 60% of the general employment and from 50% up to 60% of added value on average. Access to various funding mechanisms is the major prerequisite for development and creation of small and medium enterprises.
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