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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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Overview of Libya

This chapter is an SME policy review of Libya conducted in collaboration with local partners. Libya Enterprise, the national SME programme under the Ministry of Economy, provided the OECD with substantial information on the following principles: Regulatory framework for SME policy making, operational environment for SMEs, enhancing SME competitiveness and access to finance for SMEs. Regarding the principles on entrepreneurial learning and women’s entrepreneurship (Principle 1) and enterprise skills (Principle 8a), the European Training Foundation conducted a preliminary assessment in collaboration with a Young Mediterranean Leader (YML) from Libya, Rafa Rejeibi. Information was collected from the Small and Medium Enterprise unit (SME), stakeholders in the Ministry of Economy and from the Office of Technical Co-operation in the Ministry of Higher Education to obtain a first sense of Libya’s position regarding the implementation of the SBA for Europe.

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