SME Finance: A Comparative Study of European, Japan and US Model: What Bangladesh should do to Achieve Sustainable Development Goal 9?

Abstract

Small and medium enterprises (SME) finance is much more talking issue in emerging economies. The US-led entrepreneurial finance model considered as a benchmark for innovative start-up finance. Similarly, Japanese "keiretsu" and "zaibatsu" model considered as touchstone to revival of Japanese economy as well as SMEs after World War II. This paper discussed about their models with two perspectives such as institutionalization of SMEs and SMEs financing tools. Bangladesh has an ambitious target to enter into high income economy club within 2041and the country also needs to achieve the SDG by 2030. Therefore, it is essential to fix an appropriate model to institutionalization of SMEs and develop SME finance tools which will helps to smooth graduation from LDC in 2024 and also achieve goal 9 of SDG. This paper finds some ways for Bangladesh for achieving SGD 9 which will promote entrepreneurial and SME finance of the country.

Exploring global practices in providing small and medium enterprises access to sustainable finance solutions

“…For countries like Bangladesh, which aims to transition to a high-income economy while achieving the SDGs, adopting and adapting these models to local contexts is crucial. The study by Kamrul (2018) suggests that understanding and implementing best practices from these models can provide valuable insights for enhancing SME access to sustainable finance, thereby contributing to economic growth and sustainability.…”