Financing to low-income countries, SMEs and other excluded groups exceptionally low

Whilst 80% of assets held by leading global financial institutions are based in OECD countries, these assets can and should flow across borders globally. Given only 2% of financial institutions disclose their financing to low-income countries, 14% to excluded groups and 23% to small- and medium-sized enterprises, there is virtually no or limited transparency to understand the extent or lack of progress. This needs urgently addressing given the economic crises globally, dramatic withdrawal of assets from these areas and systemic risks to financial systems from societal failure.