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Why is Financial Inclusion important for enterprises? Formal Micro, Small and Medium Enterprises (MSMEs) play a major role in economic development in emerging countries contributing up to 45 percent of employment and up to 33 percent of GDP; these numbers are significantly higher when taking into account the estimated contributions of MSMEs operating in the informal sector. However access to financial services remains a key barrier to the development of MSME in emerging economies and if overcome, access can:
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