The SME Policy Index is a benchmarking tool designed for emerging economies to assess SME policy frameworks and monitor progress in policy implementation over time. The Index has been developed by the OECD in partnership with the European Commission, the European Bank for Reconstruction and Development (EBRD), and the European Training Foundation (ETF) in 2006.
For the Eastern Partner Countries, the assessment framework is structured around the ten principles of the Small Business Act for Europe (SBA), providing a wide-range of pro-enterprise measures to guide the design and implementation of SME policies based on good practices promoted by the EU and the OECD. It is applied to the Eastern Partner Countries for the second time since 2012.
The Index identifies strengths and weaknesses in policy design and implementation, allows for comparison across countries and measures convergence towards good practices and relevant policy standards. It aims to support governments in setting targets for SME policy development and to identify strategic priorities to further improve the business environment. It also helps to engage governments in policy dialogue and exchange good practices within the region and with OECD and EU members.
The meeting was held on 18 June 2015 in Chisinau, Moldova. The key objective was to discuss the progress made on the programme implementation and to agree the work plan for 2015-16.
The seminar was targeted at national, regional and local practitioners who dealt with anticipating and managing demographic changes in Russia and Eastern European countries and wanted to interchange experiences and approaches with other experts from OECD countries.
This seminar was part of a three-year programme of cooperation between the European Commission and the OECD LEED Programme to monitor and report on entrepreneurial activity in Europe and related public policies and actions.
The main objective of this project, which is conducted with the financial support of the Government of Netherlands Ministry for Development Cooperation, is to assist the Moldovan government in the development of a coherent and well structured policy towards the small and medium-sized enterprise (SME) sector.
This assessment represents the first phase of the project "SME Development in the Republic of Moldova", implemented by the OECD Investment Compact with the financial support of the Kingdom of the Netherlands. The second and third phases of the project will focus on assisting policy makers in adapting international best practices of the Republic of Moldova.
This report examines the key policies that would increase competitiveness in the Eastern Europe and South Caucasus region through developing human capital, improving access to finance for SMEs and creating more and better investment opportunities.
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The paper is based on a desk review, discussions with stakeholders, and joint work with the Ministry of Environment and Natural Resources of the Republic of Moldova on drafting the so-called "Institutional Development Plan".