Workshop on Enhancing Access to Finance for MSMEs for Technological Upgrading and Resource Efficiency

Climate finance was at center stage during COP29, bringing together nearly 200 countries in Baku in 2024. While addressing the needs of developing countries and focusing on the role of SMEs in the green transition, the finance commitments were tripled to USD300 billion annually from USD100 billion annually by 2035.

Recognizing the gap in capacity building and expanding the coverage of the APO’s GP concept, the GP 2.0 roadmap mentions regulations and financial incentives as key approaches in response to current trends and GP initiatives. This workshop aligns with the GP 2.0 roadmap and aims to bridge knowledge gaps and connect stakeholders in building a robust finance ecosystem. Moreover, capital deepening, allowing direct access to finance, directly impacts total factor productivity, especially for SMEs that rely on constrained cash flows, have limited financial opportunities, and lack knowledge of regulatory frameworks, which restrict business growth.

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