World Bank's IFC to Support SMEs in Asia Amid Pandemic

The video discusses the IFC's response to the crisis, focusing on supporting SMEs and maintaining trade supply chains. It highlights the challenges faced by SMEs, particularly in accessing capital, and the importance of trade finance. The discussion covers the impact of monetary and fiscal measures, the role of risk mitigation, and the potential for job losses in sectors like tourism. The video concludes with insights into the second phase of the response, targeting SMEs with higher recovery potential.

What measures did the IFC consider to mitigate risks for SMEs?

What is the expected timeline for recovery of jobs lost in the SME sector according to the discussion?

How is the focus on digital solutions impacting job losses in traditional sectors?