SMEs’ Credit Guarantee Schemes in Developing and Emerging Economies: Reflections, Setting-up Principles, Quality Standards

This manual argues that guarantee facilities can be a useful instrument to promote SMME’s finance, directly and indirectly through microfinance institutions’ refinance if certain standards are observed. The manual aims to provide clear guidance on how to set up and run a credit guarantee scheme, taking account both positive and negative experience from the past. It also sets out guidelines for a reasonable public sector involvement that strictly limits risks for public budgets and avoids distortions of competition.

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