27 Oct 2022
Conference | Financing local green enterprises in developing and emerging countries
Micro, Small, and Medium Enterprises (MSMEs) represent the backbone of developing and emerging economies, accounting for a large share of their GDP and representing up to 90% of employment in some countries. MSMEs also have a great potential to develop sustainable activities but often lack supportive legislation and access to formal sources of finance.
Finance Watch and the Green Economy Coalition (GEC) hosted a conference in October 2022 to discuss concrete ways to increase funding flows towards green MSMEs in developing and emerging countries. At the event, discussion focused on barriers faced by these local green enterprises in access to funding, reforms that could improve the investment climate, but also topics such as the interplay between sustainable finance tools (e.g. green taxonomies, corporate sustainability reporting, etc.) and the reality of developing and emerging countries such as the importance of the informal economy.
Speakers included representatives from MSMEs from seven developing and emerging countries, development finance experts, DFIs, academics and policymakers.
Discussion was supported by our September 2022 report Financing Local Green Enterprises – Closing the funding gap for sustainable MSMEs in developing countries. You can also find the full presentation from the event here.