PeaceeverTV Editor's Note: The UN ECOSOC convened a one-week development investment forum. How to support the development of micro, small and medium-sized enterprises, the International Trade Center organized a micro-small, small and medium-sized enterprise forum for sustainable development goals, discussing the importance of small business financing to achieve sustainable development goals and how to fill the “investment gap”.

They put forward many examples of successful case studies and a wealth of ideas and solutions are presented.

Participation in the forum includes representatives from the investment community, institutions and micro, small and medium-sized enterprises.

International Trade Centre Financin for Deveiopment Forum

Ms. Marion Jansen, Director and Chief Economist, International Trade Centre
  Ms. Arancha Gonzalez, Executive Director, International Trade Centre
Background: Financial inclusion of micro, small and medium enterprises
 
Micro, small and medium enterprises are one of the strongest drivers of economic development, innovation and employment. However, access to financial products and services is frequently identified as a critical barrier to their growth. According to the International Finance Corporation, 40% of micro, small and medium enterprises in developing countries face a financial gap of around $5.2 to $8.1 trillion annually. Women-owned businesses account for 32% of the finance gap.
 
At the same time, an environment of low interest rates currently characterizes financial markets and private investors are looking for investment opportunities with good prospects for return on investment.
 
While it is not uncommon to hear investors state that money is not the problem, the lack of investment projects is. According to Deloitte, there was a $1 trillion stock of cash held by global private equity funds actively looking to place these resources into investment opportunities with growth potential. This suggests that the current context may provide a unique opportunity to direct profit seeking financial investment into sustainable development. So, if micro, small and medium enterprises are looking for finance, if funding is available in global markets and on top of this finance contributes to the SDGs, what has to happen for that funding to find its way to micro, small and medium enterprises in developing countries and to contribute to sustainable growth?
 
 Mr. Elliott Harris, Assistant Secretary-General for Economic Development and Chief Economist, UN Department of Economic and Social Affairs
  H.E. Mr. Martin Garcia Moritán, Ambassador and Permanent Representative of the Argentine Republic to the UN
 Mr.Thabo Molefe Minister: Plenipotentiary and Deputy Permanent Representative
  Ms. Maria Edita Z. Tan, Assistant Secretary, Philippines Department of Finance
  Ms. Gulbakhor Makhkamova, Chair of the Board of Directors of the National Association of Business Women of Tajikistan
  Mr Alberto Gomez-Obregon, Director of Portfolio, Acumen
  Mr. Andrew Wilson, Permanent Observer to the UN at International Chamber of Commerce
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International Trade Centre Financin for Deveiopment Forum