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-IFC Facilitates Discussion for Improved Access to SME-Finance in Lao PDR

Nov 20, 2018 - ENP Newswire

IFC, a member of the World Bank Group, is promoting improved access to SME-finance in Lao PDR by facilitating a business enabling environment and developing market solutions for serving small and medium enterprises.

SMEs are key drivers of economic growth and the primary engine of job creation in the country.

SMEs account for more than 99 percent of total enterprises and over 80 percent of the workforce in Lao PDR according to the latest economic census in 2013. Yet, they face a fina...