Call for Insights: SME Finance Outlook 2030

Call for Insights: SME Finance Outlook 2030

Call for Insights: SME Finance Outlook 2030

Wednesday, July 1, 2020 · Global SME Finance Forum

Call for Insights: SME Finance Outlook 2030

Wednesday, July 1, 2020 · Global SME Finance Forum

To celebrate the new decade, this year’s Global SME Finance Forum will look much farther forward, to imagine where we might be in SME financing a decade from now. We will test the limits of our prescience by predicting how products, delivery channels, institutions and enabling environments might look 10 years from now.

Following our practice of leveraging as much knowledge sharing as we can from our membership and our wider public audience, we will launch a public “Call for Insights” on what SME finance will look like in 2030. Best articles will be shared in a special report to be issued at the conference, and the authors will be considered for speaking roles at the event.

Submission Guidelines for Participants

What will SME financing look like in 2030? What will profoundly influence its ecosystem? Will unexpected players dominate the market? How different will SME financing be in 10 years from now?

With the start of this new decade, the SME Finance Forum seeks thought-provoking, creative and impactful insights to help shape the debate on the future of finance for SMEs. We are encouraging participants to share their unique visions in 500-1,000-word essays.

Authors of all submissions that are selected by our panel of judges will receive a complimentary ticket (worth US$2,000) to the Global SME Finance Forum 2020 in Bangkok, October 26-28 – where we will launch a new publication containing the insights. The most outstanding authors will be invited to address this meeting, and to share their perspectives with senior leaders from the World Bank and IFC (either during the event or at the Annual/Spring Meetings of the IMF and the World Bank Group). 

Possible questions to consider (although any and all visions are encouraged):

  • Who will be the main providers of SME financing in 2030?  How will that compare to the dominant institutions of today? 
  • Will FinTech companies and traditional financial institutions be permanent competitors or durable partners in providing solutions for SMEs?
  • How will AI, Machine Learning and robots change the role of people in SME financing?
  • How will the role of governments and policy evolve to deal with innovations to come?
  • What will the SME finance gap look like in 2030, and why?

Submission requirements:

 To learn more about our selection criteria, please review our Frequently Asked Questions.

UN marks 75-year milestone anniversary of founding Charter

UN marks 75-year milestone anniversary of founding Charter

UN marks 75th milestone anniversary of founding Charter

Wednesday, July 1, 2020 · UN Affairs

UN marks 75th milestone anniversary of founding Charter

Wednesday, July 1, 2020 · UN Affairs

Adopted by Member States as the Second World War was coming to a close, the UN chief noted that the world today was marking the milestone anniversary “as global pressures are spiraling up”.  

The Charter was signed in San Francisco on 26 June 1945 and came into force on 24 October 1945. 

Conceived above all as a means to save future generations from the scourge of war, the Charter calls for the Organization to maintain international peace and security; promote social progress and better standards of life; strengthen international law; and promote human rights.

“The Charter’s vision stands the test of time and its values will continue to carry us forward”, said the UN chief. “It remains our touchstone for a world mired in a pandemic, torn by discrimination, endangered by climate change and scarred by poverty, inequality and war”. 

Standing strong

Against a backdrop of a global reckoning with racism, environmental degradation, increasing cyberattacks, nuclear proliferation, corruption and pushback on basic human rights, he noted that back in 1945, the delegates in San Francisco – who had also lived through a global pandemic, depression and war – “seized their opportunity to plant the seeds of something better and new”. 

“Today, we must do the same”, said the top UN official. “To achieve that watershed moment, we need to reimagine multilateralism, give it teeth to function as the founders intended, and ensure that effective global governance is a reality when it is needed”. 

And inclusive multilateralism today also requires the “essential voices” of civil society, cities, the private sector and young people to shape the world we want.

Drawing inspiration 

Yet there is also “much to encourage us and drive us onward”, he said, such as the general level of solidarity shown in responding to the pandemic, the embracing of the Sustainable Development Goals (SDGs), and the recent activism of racial justice protesters and others, towards advancing equality, climate action, and a green economy.

Paying tribute to the service and sacrifice of peacekeepers, staff and others who gave their lives advancing UN values, Mr. Guterres said: “I am inspired by so much that has been built and achieved across 75 years”.

“Now is the time to persevere, press ahead, pursue our goals, show responsibility for our world, and take care of each other…It is up to us to rise to the test of this pivotal moment for our future”.

Imagining a better world

The penholders of the Charter “dared to imagine a better world defined by peace and equality”, General Assembly President Tijjani Muhammad-Bande told the commemoration.

“As we work towards the future we want, and the UN we need, we must be results-focused”, he asserted.  “Now more than ever, we need a strong UN development system and effective collaboration between the UN and international financial institutions”.  

In pursuit of inclusive multilateralism, the Assembly president maintained that we must continue to create space for civil society and “ensure the full participation of voices that have gone unheard for too long”, such as women, youth, indigenous persons and people with disabilities. 

“This is a moment of reckoning for our shared planet and shared future. This is a time for action, ambition and partnership”, he spelled out. 

In closing Mr. Muhammad-Bande pointed out that three-quarters of a century ago, sceptics doubted the resolve of UN Members States, saying, “cynicism did not prevail then, nor will it now. 

“‘We the peoples’ remain nations, united guided by the principles of our Charter”, he upheld. 

Stay engaged, unified

Mona Juul, President of the UN Economic and Social Council (ECOSOC) pledged “to continue engaging… to ensure that ECOSOC remains as relevant today and in the future, as it was when first envisioned in the Charter 75 years ago”. 

“Today” she said, “the world is shifting beneath our feet”, calling the COVID-19 pandemic “a wake-up call for us to strengthen international collaboration”.

“75 years ago today, the UN Charter was signed in San Francisco”, the chief for UN Political and Peacebuilding Affairs Rosemary DiCarlo said. “A declaration of unity of purpose after the ravages of the Second World War, it set out our mission: ‘to save succeeding generations from the scourge of war’ [and] guides us to this day”.

Financial inclusion for MSMEs and women’s economic empowerment

Financial inclusion for MSMEs and women’s economic empowerment

Financial inclusion for MSMEs and women’s economic empowerment

Monday, June, 29, 2020

Financial inclusion for MSMEs and women’s economic empowerment

Monday, June, 29, 2020

Great opportunities in access to finance for MSMEs and the empowerment of women entrepreneurs

The importance of micro-, small, and medium-sized enterprises (MSMEs) in national economies is well known, as well as is their global impact, since, by number, they dominate the world business stage. But notwithstanding the wide acknowledgment of MSMEs’importance to national economies, they still face difficulties that need to be addressed, such as informality, low productivity, and limited access to finance. When Argentina, with the support of the International Council for Small Business (ICSB), decided in 2017 to present a resolution to the General Assembly of the United Nations establishing June 27 as MSMEs Day, the idea behind it was to showcase the importance of these enterprises in the achievement of the 2030 Agenda for Sustainable Development and raise awareness about the difficulties these enterprises face.

In this context, it is important to highlight two main aspects that are frequently interlinked. The first one is access to finance and financial inclusion. The second one is the empowerment of women (Read more…).

Launch of the ICSB 2020 Global MSMEs Report

Launch of the ICSB 2020 Global MSMEs Report

Launch of the ICSB 2020 Global MSMEs Report

Saturday, June, 27, 2020

Upon spending time considering and analyzing the pre-existing conditions, especially those that have been exploited due to the stress of COVID-19, at our MSMEs Day Celebration today, we feel prepared to continue the conversation.

To dive deeper into the individual facets of MSME realities, we must create platforms that uplift and highlight MSMEs. We are beyond excited to announce that we will have released our 2020 ICSB Global MSMEs Report. This compilation not only expands our discussion, but it also provides us with a physical representation of our community. Within the pages of the Global MSMEs Report, our community’s members share their stories, be that in the form of their research or their experience. This report represents the true diversity and uniqueness in entrepreneurial activity and small business perspectives dependent on location. 

Written with MSME owners, employees, and supporters in mind, our annual report is a our ICSB’s community gift to MSMEs. MSMEs represent more than our economic core, they represent us as individuals. MSMEs represent our drive, passion, and perseverance. This report, therefore, is a time capsule. It works to both represent where we are in the world and demonstrate to readers from where we are moving forward. I am honored to release to you the 2020 ICSB Global MSMEs Report. 

Sincerely,

Dr. Ayman El Tarabishy

ICSB Executive Director
GWU Deputy Chair of Department of Management
 
 

 

Click Here to View Report