MSMEs DAY 2023: Micro, Small and Medium-sized Enterprises Are Key to an Inclusive and Sustainable Future
As we mark SMEs Day, we recall once more that Micro-, small, and medium-sized enterprises (MSMEs) are, quite literally, the foundations of the global economy. They are engines of economic growth and employment, accounting for 90 per cent of businesses, ...
Unlock the impact potential of agricultural SMEs in Africa
Global experts meeting during a panel session at the second international summit on food production in Dakar called for accelerated avenues to close the financial gap in agriculture and address barriers to the growing finance market for agricultural Small...
The OECD Financing SMEs and Entrepreneurs Scoreboard: 2023 Highlights
The “OECD Financing SMEs and Entrepreneurs Scoreboard: 2023 Highlights” document SME and entrepreneurship financing trends, conditions and policy developments. The report provides official data on SME financing in close to 50 countries, includ...
Artificial intelligence: Changing landscape for SMEs
Artificial Intelligence (AI) could trigger a new production revolution, radically transforming business practices and conditions. This report aims to provide an understanding of what AI is, its potential impact on SME activities, and barriers to adoption....
SMEs to invest in INNOVATION and GREENING
In the last three years, small and medium-sized enterprises (SMEs) and entrepreneurs have been bounced from crisis to crisis. They had barely begun a fragile recovery from the COVID-19 pandemic in 2021 when Russia’s war in Ukraine sent a new shockwave r...
Unlocking MSMEs potential in LATIN AMERICA and the CARIBBEAN
Small and medium-sized enterprise (SME) development is critical for broad-based and sustained economic growth as Latin America and the Caribbean (LAC) grapple with ongoing global shocks following two years of pandemic-related fiscal challenges. SMEs are a...
Small businesses are key to a more sustainable and inclusive world
Small and medium-sized enterprises (SMEs) are a force to be reckoned with. They make up 90% of businesses globally, create two out of every three jobs worldwide, support the livelihoods of over two billion people, and are indispensable to the smooth funct...
AU SUMMIT 2023: POWERING TRADE THROUGH AFCFTA
Adoption by the African Union of the theme for 2023 as the “Year of AfCFTA: Acceleration of the African Continental Free Trade Area Implementation”, will generate greater political commitment and accelerate the effective implementation of the agreemen...
The Green Deal Industrial Plan: putting Europe’s net-zero industry in the lead
Today, the Commission presents a Green Deal Industrial Plan to enhance the competitiveness of Europe’s net-zero industry and support the fast transition to climate neutrality. The Plan aims to provide a more supportive environment for the scaling up...
How digitalization will drive the global recovery for small businesses
Small businesses are the backbone of the global economy, accounting for 90% of businesses, 60 to 70% of employment and 50% of GDP worldwide. A strong and sustained global economic recovery is only possible if these businesses can successfully adapt to pos...
