Assuming that these risks will materialize only in the long run is mistaken. For instance, losses for insurance companies as a result of climate-related events are today almost 10 times larger than the average observed during the 1980s.3 Moreover, an evaluation of these risks is extremely complex, and more so in a context of the existing data constraints.
We are supporting an MSME demand-side survey to better understand the sector’s needs and challenges. These initiatives, like the CMA, are conducted in partnership with various stakeholders. The CMA, our two-decade long partnership with Citi Foundation, and MCPI, fits well with the BSP’s advocacy to raise awareness on the opportunities and impact of microentrepreneurship on inclusive development.