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SME Policy Index: The Mediterranean Middle East and North Africa 2014

Implementation of the Small Business Act for Europe

image of SME Policy Index: The Mediterranean Middle East and North Africa 2014

This report assesses the elaboration and implementation of SME policy in eight Middle East and North African economies of the southern Mediterranean shore. The assessment is structured according to the ten policy principles covered in the Small Business Act for Europe (the SBA). One of the main findings is that over the last five years there has been progress in SME policy elaboration and implementation in spite of the political and economic turmoil. However, that progress has been modest, incremental and uneven across economies and dimensions. Political and economic stability, as well as institutional development, had a major impact on policy performance.

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Foreword

Small and medium-sized enterprises (SMEs) are essential drivers of job creation and inclusive economic growth worldwide. In the Mediterranean, North Africa and Middle East Region, SMEs represent the vast majority of firms, account for between half to three quarters of total employment, and contribute substantially to innovation and value creation. In addition, governments of the region have been working to build a more conducive business environment and have implemented targeted policies to support SME development.

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