Global Journal of Management and Business Research, C: Finance, Volume 22 Issue 4

tremendous analysis of the SMEs ecosystem. It is clear that the SMEs in Zimbabwe are becoming increasingly underdeveloped, while the cost of money through interests rates has been on the increase standing at the current 200%. The cost of loan in this regards makes the SMEs uncompetitive, and paying the loan in case of other changes in the economic fundamentals, impoverishes business performance. There is no doubt that the institutional and policy frameworks for SME policies have to change and stabilisation of the macro- economic environment is key to a thriving SMEs sector in Zimbabwe. The pathway to a well-developed SME, starts with strategies and policies that should be put in place, and they should be implemented according to plan and monitoring should take place regularly. However, a comprehensive evaluation of the effectiveness and cost efficiency of policy measures that are put by other sectors on the SMEs, are largely non- existent and there is no consultative converges with those sectors that potentially are affected by those policy changes in Zimbabwe. This lack of consultation in terms of policy convergence epitomise disconnection from a SME strategic point of view. Nevertheless, engagements can still be made for regulations and policies alignment and mainstreaming to ensure SMEs access to capital, their efficient operations, sustainability and profitability. The recommendations put forward in this paper if followed, address policy reform priorities for building advanced institutional and regulatory frameworks for SMEs to operate. R eferences R éférences R eferencias 1. Agostino, M., Silipo, D.B. and Trivieri, F., 2008. The effects of screening and monitoring on credit rationing of SMEs. Economic notes , 37 (2), pp. 155-179. 2. 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The role of government in the establishment and development of SMEs in Zimbabwe: Virtues and vices. Journal of Business Administration and education , 4 (1). 22. Maziriri, E.T. and Chivandi, A., 2020. Modelling key predictors that stimulate the entrepreneurial performance of small and medium-sized enterprises (SMEs) and poverty reduction: Perspectives from SME managers in an emerging economy. Acta Commercii , 20 (1), pp.1-15. Taxonomy of Small and Medium Enterprises (SMEs) Constraints: An analytical Perspective of Zimbabwe Global Journal of Management and Business Research Volume XXII Issue IV Version I Year 2022 ( ) C © 2022 Global Journals 9