Poor financial accessibility is often quoted as a critical factor of impeding the SME sector development, and information asymmetry is considered a main cause of deepening the supply-demand gap in SME finance. Accelerating SME informatization (timely availability of high quality SME information) is expected to improve financial accessibility for SMEs as a direct solution and to facilitate them to move to the next growth stage.
At the global level, multilateral organizations such as G20, APEC, and ASEAN have made efforts on promoting SME informatization in the context of financial inclusion. G20 discussed the expansion of SME data availability for measuring financial inclusion. APEC SME Working Group conducted an SME informatization survey for member economies in 2003. ASEAN Strategic Action Plan for SME Development 2010-2015 specified the creation of the Regional SME Development Fund for SME related infrastructure including the ASEAN SME Web Portal.
Latest Project Documents
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Public Communications Policy (PCP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.