Access to finance remains a key constraint to MSME development, especially in emerging economies. The MSME access to finance situation in Africa is particularly challenging. In view of the constraints faced by MSMEs in accessing finance in the African region, the Expert Group on Financial Inclusion Policy for Africa and the SME Finance Working Group (SMEFWG) agreed to develop a Policy Framework for Enhancing MSME Financing Ecosystem in Africa.
The policy framework is intended to identify the best practices of MSME financing policy, explore pathways and enabling factors of implementable action plans, and provide policy recommendations to financial sector regulators with regard to access to finance for
MSMEs in Africa.
