This EIF Working Paper elaborates on the most recent update of the EIF SME Access to Finance (ESAF) Index, a composite indicator used to monitor SME external financing markets in the 28 EU countries. The current update, using latest available data, constitutes the fifth iteration of this exercise. The paper is used to provide some background information underlying the aggregate ESAF results, by analysing its four subindices and their subindicators and focussing on a select number of individual results.
The EIF Working Papers are designed to make available to a wider readership selected topics and studies in relation to EIF´s business. The Working Papers are edited by EIF's Research & Market Analysis and are typically authored or co-authored by EIF staff or are written in cooperation with EIF. The Working Papers are usually available only in English and distributed typically in electronic form (pdf).
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