Project holds meeting with Med partner countries on MSME access to finance
November 26, 2015
A regional working meeting on Access to Finance for Micro, Small and Medium Enterprises (MSMEs) was held this week in Brussels, hosted by the European Commission, as part of the EU-funded project for ‘Enhancement of the Business Environment in the Southern Mediterranean (EBESM).
The aim of the meeting was to discuss the preliminary findings of a mapping exercise and of focus group meetings on public policies and programmes for SMEs’ financial inclusion, such as bank loans, guarantee instruments, risk capital, start-up financing, micro-finance, and other newer financial instruments.
Coming from six partner countries, Egypt, Israel, Lebanon, Morocco, Palestine and Tunisia, 2-person delegations, composed of the National SBA Coordinators and the Access to Finance advisors, identified key challenges faced by MSMEs in accessing finance, and exchanged ideas on measures to address these challenges and priority reforms needed at country level.
The EBESMproject aims to contribute to the improvement of the business enabling environment for Micro, Small and Medium Enterprises (MSME) in the ENP South through the strengthening of technical expertise and capacity of targeted public and private stakeholders. (EU Neighbourhood Info)