- SBA Governance
- Access to Finance
- Women Entrepreneurship
The project carried out mapping studies in the eight MED countries on the existing public policies, mechanisms and instruments aimed at facilitating Access to Finance for MSMEs from October to December 2016. These studies gave rise to the production of eight country reports that present the outcomes of an in-depth desk research performed to identify and select available financial instruments and mechanisms for MSMEs. All instruments are presented in the form of fact sheets providing detailed information and characteristics including links and contact details, for those MSMEs seeking information on the availability of financial instruments serving their development needs.
The factsheets, using DG GROW tables as model, fall into six (6) categories, namely (i) Bank loans and facilities; (ii) Guarantee funds and risk-sharing mechanisms; (iii) Private equity and venture capital; (iv) Leasing, factoring and Islamic finance; (v) Microfinance and innovative finance; and (vi) Others (e.g. grant schemes, honour loans).
The mapping studies were undertaken in view of documenting the Principle 6 of the Small Business Act for Europe (SBA) “Facilitate SMEs Access to finance”. This Principle aims at contributing to deepen financial markets through sound policies, laws and regulatory frameworks and to widen the range of products and services (e.g. leasing, factoring, risk capital) and the development of diverse financial instruments (e.g. credit lines, bonds, equities) likely to facilitate bridging the gap between demand and supply for SME financing.
This mapping exercise was completed by focus groups meetings gathering enterprises, representatives of business associations and providers of finance that produced SWOT analyses for each type of instrument (mainly bank loans, guarantees and risk capital) and issued recommendations on how the situation could be improved from the demand, supply and regulatory standpoints.
Based on main findings (i.e. instruments and results of focus group meetings), policy recommendations to improve/enhance the Access to Finance for MSME at country level were formulated over the short, medium and long term. In addition, best practices in the area of access to finance for MSME, were identified at country level.
A synthesis report was produced to present the consolidated results of the national reports. The consolidated report is a concrete contribution to the policy dialogue around A2F issues for MSMEs. Based on an exhaustive listing of existing public financial instruments and mechanisms for MSMEs access to finance and their evaluation by representatives of the financial sector, entrepreneurs, public and business support organisations (BSOs), EBSEM provides a snapshot of policies on access to finance in the MED region. More importantly, EBSEM allowed grasping the relative position of each country in relation to public policies regarding the supply of, and demand for, finance, as well as the regulatory and intermediation issues. It also helped identifying successful practices that could be prudently translated in other countries, and drew interesting conclusions with regard the priorities to tackle, be it at national or regional levels.Among these actions, the mapping and focus groups organised by EBSEM came out with clear areas for actions that can guide future donors’ interventions.
|Access to Finance Consolidated Report||EN|