Given that banking and lending services represent the bulk of SME financing in the developing world, especially for small firms, equity financing presents an opportunity for the development of a complementary financial product. Conclusion 32. To conclude, let me emphasize that increasing access to finance can only be successful if qualitative aspects are taken into account.
As I have suggested, this means taking a critical view of the past and an objective view of the future. This process has started. Increasingly, national policy-makers make the case for reform strongly. They point to past developments in explaining the background of adjustment and now highlight the many beneficial elements of reforms.