Renewed SME agenda in the context of inexperienced and simply transition
Start Date: January 15, 2025
Express Interest By: 12/6/2024
Duration: 20
Topics: Not Available
Business Function: Not Available
Skills: Not Available
Language Skills: English,
Assignment Location: United States
Institution: IBRD
VPU: VP, EFI Practice Group (GGEVP)
Contact Person: Pilar Salgado Otonel (psalgadootonel@worldbank.org)
Task Description: Small and medium enterprises (SMEs) are an essential supply of jobs and for development. They signify roughly 9 out of ten companies globally, account for greater than 50 per cent of agency employment in EMDEs and contribute to 40 per cent of gross home product (GDP). They additionally face extra pronounced challenges in rising because of market failures. SMEs face extra challenges in accessing markets, capital and inputs than bigger firms, ensuing in SMEs being much less more likely to undertake extra subtle applied sciences or structured managerial practices (together with inexperienced) and obtain increased ranges of productiveness. They additionally face extra constraints in accessing finance because of their increased credit score threat, informality and lack of collateral. Women-led companies (roughly 15-20 per cent of SMEs) face even larger constraints.
SMEs additionally account for a significant share of greenhouse gasoline (GHG) emissions and air pollution in many nations. In addition, the low-carbon transition may even more and more develop into a aggressive issue for SMEs, notably for these taking part in international worth chains. Emissions embedded in provide chains (i.e., scope 3) comprise over 70 per cent of international GHG emissions. While voluntary and obligatory schemes to report on and cut back Scope 3 emissions focus totally on multinational firms (MNCs), many SMEs take part in their worth chains and will more and more be required to measure, report, confirm, and cut back their emissions.
The coverage be aware will discover the impression of laws and insurance policies on the means of SMEs to regulate to those new challenges.
It is known that the GGWG plans a piece merchandise on the position of commerce and MSME growth to drive a simply transition in 2024/25. While the GGWG work is targeted extra on commerce laws, the BEWG work merchandise is targeted extra on enabling the total enterprise setting, enhancing the regulatory framework for doing enterprise (together with commerce and funding) and to assist associate nations with tailor-made programmes to implement them. Supporting the “just transition” and “greening the economy” play a important position in these work streams. In addition, information change, good collaboration and synergies between the two DCED working teams (in addition to with others) is meant.
