Baku: A reliable database is essential for the development of SMEs in conditions of global uncertainty, said Shigeo Shimizu, Executive Director of the Asian Development Bank (ADB) from Japan, at the presentation of the ‘Asia Micro, Small and Medium-Sized Enterprises Monitor 2025′ report held in Baku with the support of ADB, APA-Economics reports. He highlighted that micro, small, and medium-sized enterprises (MSMEs) are the backbone of many countries’ economies, but the lack of reliable data in this area continues.

According to Azeri-Press News Agency, Sh. Shimizu emphasized that the ASM 2025 project aims to address this gap and has already become a critical reference source for governments in shaping SME policy. ‘As global economic uncertainties deepen, the importance of a more comprehensive and accurate database for evidence-based decision-making is increasing,’ he stated.

The ASM 2025 database encompasses indicators up to 2024 and includes 26 developing ADB member countries, such as Azerbaijan. The report delves into various areas, including SMEs’ access to finance, digitalization, ‘green’ business initiatives, and opportunities for participation in international trade.

Supported by the Government of Japan, the project seeks to promote sustainable, inclusive, and evidence-based economic growth within the Asia-Pacific region.