BISHKEK (TCA) — A new ADBI Press book details policy imperatives for igniting small and medium-sized enterprise (SME) trade driven growth, poverty reduction, and food security in Central Asia crucial to the region’s COVID-19 recovery prospects, the Asian Development Bank (ADB) Institute said on January 20.
Co-edited by ADBI’s Peter Morgan and Keio University’s Naoyuki Yoshino, Leveraging SME Finance through Value Chains in CAREC Landlocked Countries describes SME trade challenges in Central Asia Regional Economic Cooperation (CAREC) economies due to gaps in operational capacity, direct seaport access, transportation infrastructure, and financing.
CAREC is a partnership for 11 nations (Afghanistan, Azerbaijan, China, Georgia, Kazakhstan, Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, and Uzbekistan) to promote economic growth and development through regional cooperation.
Drawing upon experiences in this geographically and socioeconomically diverse region, the book identifies ways to amplify SME participation in production and supply chains and access to finance. Among the focuses include measures for enhancing regulatory effectiveness, financing options, entrepreneurial skills, and digital connectivity, particularly within the agri-business sector.
Leveraging SME Finance through Value Chains in CAREC Landlocked Countries offers policy makers, practitioners, researchers, and other interested readers important insights on the potential for SMEs to boost trade and inclusive and sustainable post-pandemic development in Central Asia.
Source: TCA
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