Ana Fiorella Carvajal

Lead Financial Sector Specialist at blogs.worldbank.org

Ana Fiorella Carvajal is Lead Financial Sector Economist at the World Bank in the Finance, Competitiveness & Innovation Global Practice. Source

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Capital markets: The new frontier for SME financing

1 month ago | blogs.worldbank.org | Tatiana Didier |Ana Fiorella Carvajal

Access to alternative financing sources is particularly critical in turbulent times, when bank credit might tighten, leaving SMEs exposed to shocks. Today, capital-market financing for SMEs is almost non-existent in most EMDEs. Capital markets have more significance for SMEs in High-Income Countries (HICs) and a few EMDEs.

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