Overview Slow productivity growth is one of the significant risks to the economic growth in both established and developing nations, with severe consequences for citizens' well-being, including reduced income growth, rising inequality, and difficulties repaying loans. SMEs make for the vast majority of enterprises globally, and they play a significant role in employment creation and global economic development. They account for around 90% of firms and more than 50% of global employment. In emerging economies, formal SMEs generate up to 40% of national revenue (GDP). When informal SMEs are included, these figures skyrocket. According to our projections, 600 million new jobs will be required by 2030 to accommodate the world's rising workforce, making SME growth a top priority for many governments around the globe. SMEs produce the most formal freelance jobs in developing countries, accounting for seven out of ten positions. However, access to capital is a significant restrai...