The European Investment Bank and SMEs: key lessons for Latin America and the Caribbean

cepal.bibLevelDocumento Completo
cepal.callNumberLC/L.3294-P
cepal.callNumberINT UN/FI 30(236/2011)
cepal.divisionEngFinancing for Development Division
cepal.divisionOldUnidad de Estudios del Desarrollo
cepal.divisionSpaDivisión de Financiamiento para el Desarrollo
cepal.docTypeSeries
cepal.idSade42822
cepal.jobNumberS1100067 E
cepal.physicalDescriptiongráficos, tablas
cepal.projectProyecto "Políticas e Instrumentos para la Promoción del Crecimiento de América Latina y el Caribe" AEC/08/002
cepal.regionalOfficeSantiago
cepal.saleNumber11.II.G.16
cepal.topicEngMICRO, SMALL AND MEDIUM-SIZED ENTERPRISES (MSMES)
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicEngFINANCING FOR DEVELOPMENT
cepal.topicSpaMICRO, PEQUEÑAS Y MEDIANAS EMPRESAS (MIPYME)
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.topicSpaFINANCIAMIENTO PARA EL DESARROLLO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.authorTyson, Judith
dc.contributor.authorCalice, Pietro
dc.contributor.authorGriffith-Jones, Stephany
dc.contributor.institutionAgencia Española de Cooperación Internacional para el Desarrollo
dc.coverage.spatialEngLATIN AMERICA AND THE CARIBBEAN
dc.coverage.spatialEngEUROPE
dc.coverage.spatialSpaEUROPA
dc.coverage.spatialSpaAMERICA LATINA Y EL CARIBE
dc.date.accessioned2014-01-02T15:43:53Z
dc.date.available2014-01-02T15:43:53Z
dc.date.issued2011-01
dc.descriptionIncluye Bibliografía
dc.description.abstractThis paper discusses the engagement of the European Investment Bank Group (EIB Group) with the financing and support of SMEs, both within the European Union (EU) as well as EU Candidate Countries and the Balkans. Indeed, lending and providing financial support to SMEs is one of the key core objectives of the EIB Group. The main focus of the paper is to describe and analyse the practises and experiences of the EIB Group in this field, to discuss the key lessons and to make policy recommendations to be considered within the Latin America and Caribbean (LAC) context. The large role played by the EIB Group in financing SMEs in Europe shows the significance of the role the public sector needs to, and can, play in providing direct financial support to SMEs - as well as helping catalyse private financing to them, for example via bank guarantees and other risk-sharing instruments - given the large market imperfections and gaps in private financial markets for SMEs, particularly credit markets. This is the case in general, but has become particularly evident in the crisis, where the EIB Group has played an important countercyclical role in credit provision, in the face of sharply falling private credit to SMEs. It is noteworthy that the valuable role that public financial institutions need to play has been increasingly recognized since the crisis at the level of multilateral development banks (MDBs) and regional development banks (RDBs). It is important that similar conclusions are also applied to national development banks.
dc.formatTexto
dc.format.extent49 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.isbn9789211217520
dc.identifier.unSymbolLC/L.3294-P
dc.identifier.urihttps://hdl.handle.net/11362/5216
dc.language.isoeng
dc.physicalDescription49 p. : gráfs., tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Financiamiento del Desarrollo
dc.relation.isPartOfSeriesNo236
dc.rights.coarDisponible
dc.subject.unbisEngBANKS
dc.subject.unbisEngINVESTMENT BANKING
dc.subject.unbisEngFINANCIAL SERVICES
dc.subject.unbisEngSMALL AND MEDIUM ENTERPRISES
dc.subject.unbisEngFINANCIAL STATISTICS
dc.subject.unbisEngMONETARY SYSTEMS
dc.subject.unbisEngFINANCIAL RESOURCES
dc.subject.unbisSpaBANCOS
dc.subject.unbisSpaOPERACIONES BANCARIAS DE INVERSION
dc.subject.unbisSpaSERVICIOS FINANCIEROS
dc.subject.unbisSpaPEQUEÑAS Y MEDIANAS EMPRESAS
dc.subject.unbisSpaESTADISTICAS FINANCIERAS
dc.subject.unbisSpaSISTEMAS MONETARIOS
dc.subject.unbisSpaRECURSOS FINANCIEROS
dc.titleThe European Investment Bank and SMEs: key lessons for Latin America and the Caribbean
dc.type.coarlibro
dspace.entity.typePublication
relation.isAuthorOfPublicationca4f6770-449c-4ca4-ac49-fce609714035
relation.isAuthorOfPublicationed7bfab0-b75e-43db-ba9d-942399c351de
relation.isAuthorOfPublication85a501c7-f546-492b-a9e5-f4c0aa8b1a43
relation.isAuthorOfPublication.latestForDiscoveryca4f6770-449c-4ca4-ac49-fce609714035
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