In order to achieve a better understanding of the challenges facing Latin American and Caribbean SMEs and to develop more targetted policies, the OECD LAC Regional Programme partnered with CAF – Development Bank of Latin America – and SELA (Latin American and Caribbean Economic System) to adapt the OECD SME Policy Index (SMEPI) methodology to the LAC region for the first time over 2016-2019. The SMEPI is an analytical tool developed by the OECD, in co-operation with international partners, to map SME policies and programmes and to assess alignment with good practice over time. The Index was developed for application in emerging economies within the context of the Organisation’s Global Relations programmes. Since its first application in 2007, it has been used in the study of 32 economies and four regions worldwide.
This first application of the Index methodology in the LAC region covers the four Pacific Alliance member countries (Chile, Colombia, Mexico, Peru) and three participating South American countries (Argentina, Ecuador, Uruguay). Divided into seven policy dimensions, this report assesses the strengths and weaknesses that exist in different areas of SME policy design, implementation, and monitoring and evaluation, and provides guidance to policy makers in identifying policy areas for future reform according to international good practices.