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Small and Medium Enterprises Financing - ESCAP

Small and Medium Enterprises Financing ESCAP is the regional development arm of the United Nations and serves as the main economic and social development centre for the United Na- tions in Asia and the Pacific. Its mandate is to foster cooperation between its 53 members and 9 associate members. ESCAP provides the strategic link between global and country-level programmes and issues. It supports Governments of countries in the region in consolidating regional positions and advocates regional approach to meeting the region's unique socioeconomic chanllenges in a globalizing world. The ESCAP office is located in Bangkok, Thailand. Please visit the ESCAP website at for further information.

In this context, the share of SME loans to GDP stood at an average of 18.5% in advanced countries and an average of 5.3% in developing and less developed countries as of 201411. 7 Asia SMEs Finance Monitor, ADB, 2014. 8 Capital Market Financing for SMEs: A Growing Need in Emerging Asia, Shigehiro Shinozaki, ADB, 2014.

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