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

Implementation of the Small Business Act for Europe

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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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Morocco is classified by the World Bank as a lower middle-income economy. The country is characterised by significant potential for growth thanks to its economic diversification, which compares favourably with other countries in the region. Despite the global financial crisis and political unrest in the region, the Moroccan economy has exhibited strong growth in real GDP: an average increase of 4.6% between 2008 and 2010, and another 5% in 2011. However, growth slowed significantly in 2012 to a rate of 2.7% (Table 17.1).

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