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THE
BRAZILIAN SMALL & MEDIUM SIZED
ENTERPRISES
SECTOR FINANCING,
THE BRITISH’S...
AND FINALLY, RECOMMENDATIONs ThAT BRAZILIAN pRIVATE AND puBLIC sECTOR shOuLD
FOLLOW BuILDING ON ThE BRITIsh EXpERIENCE.
by
LUIZ ROBERTO CALADO,
Vice-President of the Brazilian IAFEI Member Institute IBEF
and
LEONARDO CAPPA
, Phd candidate in International Strategic Studies at the Federal University of Grande do Sul
Background
In August 2014, Dr. Luiz Calado and Mr. Leonardo Cappa
were hired as consultants by the British Embassy in
Brazil to draft a report and conduct a debate on its main
findings with related Brazilian organizations (BNDES,
CVM, CNI and SEBRAE), which was held in June 2015.
The three sections of the report consisted of analyzing
the Brazilian Small and Medium Enterprises (SME
hereinafter) sector financing, the British’s (after
extensive research and several meetings with public and
private organizations in the UK), and finally, providing
recommendations that Brazilian private and public
sector should follow building on the British experience.
Noting that financing difficulties faced by SME in both
countries are rather similar - considering the bulk of
both overall and SME credit is provided by loans from
a concentrated banking industry, and that in both
countries the SME sector is the larger employer, in this
article we summarize the six main recommendations
presented in the third section of the original report,
while also mentioning a few relevant experiences
in Brazil and updating some of the original report’s
findings.
BRAZIL
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