Promoting SME Competitiveness in Colombia: Towards an inclusive and sustainable future
Colombia’s small and medium-sized enterprises (SMEs) play a central role in building economic resilience, creating jobs and driving inclusive growth. They also face unique challenges, some of which have been exacerbated by the COVID-19 pandemic.
Drawing on data from the International Trade Centre SME Competitiveness Survey, this report shows that Colombian firms that innovate and engage with industry associations invest more in addressing climate change. It recommends policy reforms that support digitalization, develop workers’ skills, strengthen business support institutions and improve the business environment for small companies, including by enhancing access to finance.