Asia Small and Medium-Sized Enterprise Monitor 2021: Volume II—How Asia’s Small Businesses Survived a Year into the COVID-19 Pandemic: Survey Evidence

SME Monitor vol 2 cover photo

The continued development of micro, small, and medium-sized enterprises (MSMEs) is critical to boost national productivity, create jobs, and drive a sustainable and resilient recovery from the pandemic.

Given the prolonged pandemic, it is essential that funding is available for government assistance to MSMEs on a regular basis. Innovation is needed to build effective long-term support for MSMEs. Knowing how MSMEs survived the first year of the pandemic is an important first step in designing a feasible framework for effective policies during the recovery period within the constraints of national budgets.

This report examines the experiences of Asia’s MSMEs during the first year of the pandemic and discusses post-pandemic policy actions for MSME development.


  • Executive Summary
  • Introduction
  • Country Responses to COVID-19
  • Methodology
  • Data Structure
  • Company Profiles
  • The COVID-19 Impact on MSMEs during the First Year of the Pandemic
  • Thematic Impact
  • Policy Implications
  • Conclusion

Published April 2022.
Source: Asian Development Bank

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