The Importance of SMEs in Emerging Markets Entrepreneurs and the SMEs they often create are central to private-sector development—stimulating the growth of the local private sector in developing countries and helping markets to function well. As engines of economic growth and laboratories for environmental and social innovation, SMEs are helping to build modern economies that improve people’s lives while conserving natural resources. This is especially true in developing countries where such businesses can account for as many as four in five jobs and almost a third of GDP.
Despite the critical role they play in emerging markets, SMEs face severe barriers in accessing finance to scale their businesses. Smart, practical support for enterprises that can improve environmental conditions in these countries is not a choice we have: it’s an imperative. New Ventures enterprises are developing innovative technologies and business models that can play a vital role in sustainable economic development by delivering financial, environmental and social returns