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Sida and innovative finance: The case of loan guarantee schemes

Author

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  • Andersson, Per-Åke

    (Department of Economics, School of Business, Economics and Law, Göteborg University)

Abstract

Sida is exploiting loan guarantee schemes to leverage finance from the private sector in partner countries. This paper is a literature review of the rationale for and experiences of this type of schemes, focusing on Small and Medium Enterprises. Since, credit rationing and moral hazard problems certainly occur in partner countries, loan guarantee schemes could become an important instrument for Sida. Loan guarantee schemes are popular in many countries and the overall experience seems to be positive. Unfortunately, impact evaluations are uncommon. The schemes have positive effects on short-run financial outcome of companies and, in the long run, economic outcomes are more often positive than negative.

Suggested Citation

  • Andersson, Per-Åke, 2019. "Sida and innovative finance: The case of loan guarantee schemes," Working Papers in Economics 752, University of Gothenburg, Department of Economics.
    • Handle: RePEc:hhs:gunwpe:0752
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    File URL: http://hdl.handle.net/2077/59356
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    More about this item

    Keywords

    Loan guarantee schemes; SMEs; development cooperation;
    All these keywords.

    JEL classification:

    • F35 - International Economics - - International Finance - - - Foreign Aid
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors

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