MSMEs in Asia and the Pacific face significant financing challenges, with nearly half either unserved or underserved—resulting in a credit gap estimated at $2.5 trillion.
Improving quality of incubators and accelerators, financial access for early-stage startups, and talent development are needed to bolster startups, says ADB report.
An ADB-backed program is helping the country improve its investment climate to attain high-income status by 2045 and transition to a low-carbon economy.