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Problems and Opportunities for Leveraging SME Finance through Value Chains in Azerbaijan
| Content Provider | Semantic Scholar |
|---|---|
| Author | Aliyev, Samir |
| Copyright Year | 2019 |
| Abstract | The paper outlines the contribution of small and medium-sized enterprises (SMEs) to Azerbaijan’s economy, their access to finance, and the role of value chains in ensuring financing. The paper preparation process has shown that SMEs mainly benefit from bank loans, whereas there are some institutional, legislative, cultural and geographical factors limiting their access to finance. The low financial literacy rate of SME owner/managers and higher interest rates offered by banks are among the factors restricting SME access to finance. The government has strengthened legislation—in particular relating to institutions—in recent years to improve SME access to finance, but the effectiveness of this move is insufficient. This paper comprises eight sections: The contribution of SMEs to Azerbaijan’s economy and the status of the financial sector; the financial inclusivity of SMEs; financial literacy levels; institutional, regulative, gender, cultural factors restricting SME finance; the structure of domestic value chain and Azerbaijan’s role in global value chains; financial analysis of value chains; national strategies for SME finance; and key policy recommendations. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | https://www.adb.org/sites/default/files/publication/511266/adbi-wp973.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
