“200 million businesses worldwide need financing to invest, grow and create new jobs. We are proud to have Proparco join our network of more than 150 members who work to expand access to finance for small and medium businesses,” said Matthew Gamser, CEO of the Forum.
“Through the SME Finance Forum, we will be able to network with other DFIs from around the world and share knowledge on best practices for accelerating sustainable development and SME financing,” said Guillaume Barberousse, Head of Financial Institutions Group for Proparco. To accelerate the growth of SMEs in Africa, Proparco and its parent company also launched in 2019 the “Choose Africa” initiative, which aims to spend €2.5 billion to fund and support nearly 10,000 African start-ups and small businesses by 2022.
About SME Finance Forum
The SME Finance Forum was established by the G20 Global Partnership for Financial Inclusion (GPFI) in 2012 as a knowledge center for data, research and best practice in promoting SME finance. As an implementing partner for the GPFI, the International Finance Corporation (IFC) was tasked with managing the initiative. In 2015, the SME Finance Forum partnered with CapitalPlus Exchange to expand and upgrade the former Small Business Banking Network.
To find out more: https://www.smefinanceforum.org/
To see all SME Finance Forum members: https://www.smefinanceforum.org/members/member-list