Fostering entrepreneurship and enhancing access to finance
Paris, 26 October 2009
Organised by the MENA-OECD Working Group on SME Policy, Entrepreneurship and Human Capital Development, high-level policy experts and officials from MENA and OECD countries gathered at the OECD Paris headquarters on 26 October 2009 to address innovative initiatives and tools to support SME development in the MENA region.
The main objectives of the meeting were to set Working Group activities relating to
- identifying obstacles to women's entrepreneurship within the framework of the MENA-OECD's activities towards fostering women's entrepreneurship in the MENA region
- exploring policy tools that ease access to finance
Fostering the growth of women’s entrepreneurship is an effective strategy to create jobs, catalyse economic development and diversification as well as serve to empower women and foster social cohesion. H.E. Karen Kornbluh, Ambassador and Permanent Representative of the United States to the OECD, moderated discussions based on the Declaration on Fostering Women's Entrepreneurship in the MENA Region issued in 2007, in preparation for the Business Statement that will be presented at the 2009 MENA-OECD Business Forum and Women Business Leaders Summit in Marrakech, Morocco on 22 November.
Tools to improve access to finance, including credit guarantee schemes, have become an important focus of Working Group work programme since the Barcelona meeting on 19 May 1009. A framework for access to finance as part of the Business Climate Development Strategy assessment tool was presented using key findings from pilot projects. In addition, participants exchanged their policy experiences, and key success factors and challenges in the design of credit guarantee programmes.
Delegates endorsed a set of policy guidelines in anticipation of the 2009 MENA-OECD Ministerial Conference on how to best extend the current use of credit guarantee schemes to provide support to innovative SMEs.
Working Group participants Dr. Soukeina Bouraoui (left), Executive Manager of the Centre of Arab Women for Training and Research (CAWTAR), and Sheikh Mohammed Abdul-Rahman Al-Thani, Director of Public Private Partnership in the Ministry of Business and Trade, Project Director of the Establishment of the New SME Development Entity, and Business Development Advisor for the Minister of Business and Trade talk about women's entrepreneurship in the MENA region and SME support and development initiatives in Qatar, respectively.
Access to Finance: An Analytical Framework
Paper on SME support policy in Qatar, Mohammed Al-Thani, Director of Public Private Partnership in the Ministry of Business and Trade, Project Director of the Establishment of the New SME Development Entity, and Business Development Advisor for the Minister of Business and Trade, Qatar
BCDS: Towards a Business Climate Development Strategy, Anthony O'Sullivan, Head, Private Sector Development Division
Le financement des PME en Tunisie, Mohamed Agrebi, Conseiller des Services Publics, Directeur Général du Bureau d'Assistance aux Entreprises, Ministère de l'Industrie, de l'Energie et des PME, Tunisia
Credit guarantee Schemes – A Key Element of the Access to Finance Framework
European Palestinian credit guarantee fund, John Khoury, Director, European Palestinian Credit Guarantee Fund
Faciliter le financement des PME en partageant avec les établissements financiers les risques pris, Abdelhakim Hamdi, President, SOTUGAR
Loan guarantee schemes: role in supporting SME development, Mohammed Al Rashdan, Assistant Director General, Jordan Load Guarantee Corporation
Beyond start-ups: promoting innovation financing through credit guarantees
Credit Guarantee Schemes: a tool to promote SME growth and innovation in the MENA Region, Stephen Roper, Centre Director, Warwick Business School
OSEO garantie, Henry Savajol, Directeur, Direction des Etudes-Observatoire des PME OSEO, Observatoire des PME
Experience du Maroc pour promouvoir la croissance et l'innovation des PME, Housine Itaoui, Directeur Général, Caisse Centrale de Garantie