Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/222735 
Year of Publication: 
2019
Series/Report no.: 
ADBI Working Paper Series No. 968
Publisher: 
Asian Development Bank Institute (ADBI), Tokyo
Abstract: 
A strong small and medium-sized enterprise (SME) sector can contribute much to a country's economy by fostering innovation, creating jobs, and reducing poverty. This paper examines the status of SME finance in Georgia and the involvement of Georgian SMEs in global value chains. The role of SMEs in Georgia's economy, SME funding, and the status of financial inclusion for SMEs are analyzed. Moreover, the level of financial literacy and skills of SME entrepreneurs is discussed. Furthermore, the paper analyzes the Georgian agricultural sector's value chain and the involvement of this sector in global value chains by discussing the case study of the hazelnut. An analysis of the agricultural sector's value chain financing in Georgia is carried out, its availability and development are discussed, and best practices of value chain financing are analyzed. Based on existing information, the paper identifies barriers to SME finance in Georgia and proposes policy recommendations and immediate actions with regard to existing government policies.
Subjects: 
SME sector
financial literacy
financing
global value chain
value chain financing
agriculture
JEL: 
D53
G23
L26
Q13
Q14
Q17
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper

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