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Investor Presentaiton

The Role of Small & Medium-Sized Enterprises (SMEs) in Private Sector Development Innovative financing sources will also encourage the development of SMEs. Why is it Important? A well developed SME sector is a key driver for: Diversification into non-oil businesses and ancillary sectors. Growth in productivity Boost the export base Creating employment opportunities Enhancing living standards Improving wealth distribution Diversifying lending avenues Encourage financial market development Enhance economic efficiency and institutional structure GCF2015 Competitive Governments What are the Enablers? Coordination between relevant authorities and stakeholders to develop supportive regulatory and legal framework. Need for government financial support structure (i.e. in the form of partial guarantees) to provide initial impetus for the development of the SME sector. Establish specialized institutions and teams within the banking sector with a SME focus to: Provide guidance and support on attractive business areas Provide support on business and financial management Coordinate with regulators to address bottlenecks Slide No. 10
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