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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With a GDP per capita exceeding USD 10 000 in 2012, Lebanon is classified by the World Bank as an upper middle income economy. The country witnessed four years of strong economic growth at an average annual rate of 7.8% between 2008 and 2010, led by high investment rates and a strong service sector. Known as a hub for finance and commerce, the economy has witnessed growth in the tourism, real estate and banking sectors.

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