Strengthening micro, small and medium enterprises (MSMEs) with innovation and internationalization is key to revitalizing Southeast Asian economies, including the Philippines’, that were devastated by the coronavirus disease 2019 (Covid-19) pandemic.

This is according to the first volume of the Asian Development Bank’s (ADB) “Asia Small and Medium-Sized Enterprise Monitor (ASM) 2020” report, which presents a detailed assessment of financial and nonfinancial issues MSMEs face in the region. It also analyzes policies and regulations surrounding MSME development and access to finance in each Southeast Asian country.