GCF Private Sector Finance in Focus 2: MSMEs

This paper analyzes whether the GCF’s Private Sector Facility (PSF) is failing substantively to meeting its mandate to support micro-, small- and medium-sized enterprises (MSMEs). It finds that while the GCF does not issue portfolio-wide data on MSME support, almost a third of its funded activities offer at least some support to MSMEs. However, most of the GCF projects/programs that include some MSME support are classified as “public” sector activities, raising questions about the role of the PSF in improving its MSME engagement strategy, such as in a review of its current MSME pilot program.

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