Promoting the success of MSE (micro and small enterprise) operations and helping PCBs (participating commercial banks) fulfill their greater developmental functions would address existing constraints. Access to finance is just one constraint hindering the development of MSEs. In a 2003 survey of SMEs (in Uzbekistan, the International Finance Corporation identified some of the negative factors hindering the operation of enterprises. These include administrative procedures, currency conversion, access to finance, taxation, and import and export restrictions. More effective consultation and dialogue among various market participants and government agencies regarding proposed reforms can limit inconsistencies between government policies and the formulation and implementation of rules and regulations.
Second Small and Microfinance Development Project