Bridging the Financing Gap: Unleashing the Potential of Small and Medium-Sized Enterprises (SMEs) (SDG Action Weekend, Mobilization Day, Private Sector)
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01:53:57
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Summary
Under this session, two panels will be convened to discuss how to increase SMEs' access to finance in order to unlock their full potential. Panelists include regulators, industry associations, financiers, multinationals, SMEs and technology platform representatives. The objective of the session is to highlight proposed actions that can be taken to unlock the potential of SMEs and strengthen their ability to contribute to the implementation of the SDGs.
Description
Lead Facilitators:
- UNCTAD
- International Trade Centre (ITC)
Small and medium-sized enterprises (SMEs) make a significant contribution to global trade flows and economic value within countries. SMEs account for over 90 per cent of all business worldwide and are responsible for more than two-thirds of jobs created, including for vulnerable groups such as women and youth. They are the SDG drivers on the ground as they deal with local and regional challenges and are key in promoting innovation and contributing to the greening of industries and the energy transition. Yet access to affordable and timely financing and participation in value chains at global, regional, and domestic level remain a key challenge, hampering their economic and social contribution.
The outcome of the discussions will be fed into major international events and the Report of the UN Secretary-General on Entrepreneurship for Sustainable Development.
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To maximize the SDG Summit's impact, the Secretary General is convening an SDG Action Weekend, which will generate opportunities for stakeholders, UN entities, and Member States to convene inside the United Nations Headquarters and set out specific commitments and contributions to drive SDG transformation between now and 2030.
The SDG Action Weekend will consist of the SDG Mobilization Day on Saturday, 16 September, and the SDG Acceleration Day on Sunday, 17 September at UNHQ in New York.
- The SDG Mobilization Day (16 September) will create an opportunity for stakeholders from all sectors to convene inside the United Nations Headquarters and mobilize towards an ambitious SDG Summit and UN General Assembly High-Level Week.
- The SDG Acceleration Day (17 September) will be centred around the UN High-Impact Initiatives
The SDG Summit on 18-19 September will mark the mid point of the SDGs. It must secure the breakthroughs and momentum needed to change course and achieve the SDGs by 2030. To maximize the Summit's impact, the Secretary General is convening an SDG Action Weekend, which will generate opportunities for stakeholders, UN entities, and Member States to convene inside the United Nations Headquarters and set out specific commitments and contributions to drive SDG transformation between now and 2030.
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