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Home > Agenda Med > Growing Micro and Small Enterprises: Tackling Financing Obstacles in the MENA Region 
Growing Micro and Small Enterprises: Tackling Financing Obstacles in the MENA Region
Micro and small companies are the largest segment of enterprises operating in the MENA region, but challenges persist in enabling these ventures to grow and expand in order to compete efficiently in the market. One impediment is an undersupply of longer-term financial products and services, going beyond microfinance, that are critical to overcoming constraints to growth. Sectors
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The Invest in Med programme aims at developing sustainable trade relationships, investments and enterprise partnerships between the two rims of the Mediterranean. Funded at 75% by the European Union over the 2008-2011 period, it is implemented by the MedAlliance consortium, which associates economic development organisations (ANIMA, leader of the programme), CCIs (ASCAME, EUROCHAMBRES), and business federations (BUSINESSMED). The members of these networks, as well as their special partners (UNIDO, GTZ, EPA Euroméditerranée, World Bank, etc.), gather a thousand of economic actors - mobilised through pilot initiatives centered on key Mediterranean promising niches. Each year, a hundred operations associate the 27 countries of the European Union and 9 Mediterranean partner countries: Algeria, Egypt, Israel, Jordan, Lebanon, Morocco, Palestinian Authority, Syria and Tunisia.