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The G20/OECD High-Level Principles on SME Financing were developed by the OECD, together with other relevant international organisations, at the request of G20 Finance Ministers and Central Banks Governors. The Principles are voluntary and non-binding. They are addressed to G20 and OECD members and other interested economies, and can apply to diverse circumstances and different economic, social and regulatory environments. They provide broad guidelines for the development of cross-cutting policy strategies to enhance access to a diverse range of financing instruments by SMEs, including micro-enterprises, and entrepreneurs. The Principles call for strengthening SME access to traditional bank financing and supporting the diversification of financing instruments for SMEs. They recommend improved understanding of SME financing needs and gaps; enhanced financial inclusion for SMEs and improved access to formal financial services, including for informal firms; regulatory approaches that support a range of financing instruments for SMEs and encourage participation by diverse investors, while ensuring financial stability and investor protection; enhanced transparency in SME finance markets; improved financial skills in SMEs and enhanced quality of entrepreneurial and investment projects; timely payments in commercial transactions and public procurement; adoption of risk sharing principles for publicly supported SME finance instruments; public programmes for SME finance that ensure additionality, cost effectiveness and user friendliness, as well as improved monitoring and evaluation of policies to ease SME access to finance. The Principles also aim to encourage dialogue, exchange of experiences and coordination, including regulatory coordination, among stakeholders in SME finance, including policy makers, financial institutions, research institutions and SME management on how to enhance SME access to finance and increase their contribution to resilient and inclusive growth.