United Nations Industrial Development Organization (UNIDO)

United Nations Industrial Development Organization (UNIDO)

United Nations Industrial Development Organization (UNIDO)

June 3, 2019

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.

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UNITED NATIONS – DEPARTMENT OF ECONOMIC AND SOCIAL AFFAIRS/DIVISION FOR SUSTAINABLE DEVELOPMENT GOALS (DESA)

UNITED NATIONS – DEPARTMENT OF ECONOMIC AND SOCIAL AFFAIRS/DIVISION FOR SUSTAINABLE DEVELOPMENT GOALS (DESA)

UNITED NATIONS – DEPARTMENT OF ECONOMIC AND SOCIAL AFFAIRS/DIVISION FOR SUSTAINABLE DEVELOPMENT GOALS (DESA)

May 20, 2019

The Department of Economic and Social Affairs/Division for Sustainable Development Goals (DESA/DSDG) at the United Nations is engaged in a project to support 9 pilot countries(Brazil, Peru, Cambodia, Fiji, Laos, Sri Lanka, Kenya, the Philippines, and Tanzania) to enhance the role of micro-, small and medium enterprises (MSMEs) to achieve the sustainable development goals (SDGs).

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THE ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

THE ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

THE ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

May 13, 2019

The role played by SMEs in our economies and societies is colossal. At a time of slow productivity growth and increasing or persistently high inequalities, SMEs are key to strengthening productivity, delivering more inclusive growth and adapting to the major transformations of our time, including demographic change, digitalisation and the new industrial revolution, the changing nature of work and the transition to a low-carbon economy.

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International Labor Organization (ILO) – Egypt Office

International Labor Organization (ILO) – Egypt Office

International Labor Organization (ILO) – Egypt Office

May 6, 2019

Entrepreneurship has become a crucial and vital component in the growth of national economies, with micro and small enterprises (SMEs) serving as the biggest employment creators in both emerging and developed economies throughout the world. SMEs drive the economy and are essential for enhancing innovation, competitiveness, and entrepreneurship. In the Middle East and North Africa (MENA), micro, small, and medium enterprises (MSMEs) account for the dominant share of private sector employment, particularly in countries like Egypt that have a large informal sector. In Egypt, MSMEs comprise 75% of all private sector employment and 80% of the national GDP.

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United Nations Conference on Trade and Development (UNCTAD)

United Nations Conference on Trade and Development (UNCTAD)

United Nations Conference on Trade and Development (UNCTAD)

April 29, 2019

Policy Advocacy – Small and Medium Enterprises (SMEs) play a vital role in ensuring sustainable and inclusive economic growth. In developing countries, they provide 60-70% of formal employment. In sub-Saharan Africa alone, the share of SMEs accounts for 80%. UNCTAD has continuously supported developing countries, including the Dominican Republic, Gambia, Tanzania, Ecuador, and Ethiopia in designing and implementing holistic entrepreneurship policies that encourage the foundation of new firms and the scaling up of existing businesses, linked to national economic development strategies. UNCTAD’s assistance in policy formulation advocates a comprehensive, coherent, and coordinated approach, based on its Entrepreneurship Policy Framework (EPF), to identify, formulate, and implement policy measures that are designed to promote entrepreneurship and SMEs. With the EFP, UNCTAD helps countries design initiatives and support institutions to promote entrepreneurship across six interrelated priority areas: formulating national entrepreneurship strategy, optimizing the regulatory environment, enhancing entrepreneurship education and skills development, facilitating technology exchanges and innovation; improving access to finance; and promoting awareness and networking. It also raises awareness of the need to engage representatives of the private and public sectors, academia, and civil society.

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INTERNATIONAL FINANCE CORPORATION – SME FINANCE FORUM

INTERNATIONAL FINANCE CORPORATION – SME FINANCE FORUM

International Finance Corporation – SME Finance Forum

April 22, 2019

The SME market is too small to serve with people-intensive approaches, too complex to operate with fully automated approaches, and too expensive for most banks to provide loans. Therefore, it is not surprising that most bankers do not feel comfortable operating in the SME realm. However, the world is changing, and SMEs are changing alongside it. This reinforces the importance of the SME Finance Forum’s work in helping our members learn from each other, link to new business opportunities, and lead a constructive industry dialogue with policymakers.

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