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. 10View entire presentation