There is growing consensus in theory and practice that a thriving private sector is crucial for poverty reduction and that an entrepreneurship business-friendly environment must be in place to unleash private sector dynamism.
The 2030 Agenda calls explicitly for member states to implement policies conducive to entrepreneurship, creativity, and innovation. Entrepreneurship includes MSMEs. MSMEs are crucial for economic development, as they are key drivers of innovation in many economic sectors and are exhibiting high degrees of flexibility and capability to react to customers’ needs, and less bureaucratic organizational structures.
