MED MSMEs Programme – Policies for inclusive growth


The countries of the Southern Mediterranean region wish to accelerate their economic development by boosting Micro, Small and Medium Enterprises (MSMEs) dynamics. In view of contributing to unlocking their potential, the European Union is funding a regional initiative “Support to an enabling business environment for MSME development & financial inclusion” (referred to as the MED MSMEs program). By leveraging on regional potential and smart pilot actions, the program facilitates policy dialogue on support to MSMEs including access to finance and regulation-related topics. The program runs from 2019-2022 and has an EU budget of EUR 5.3 million.

Countries covered: Algeria, Egypt, Israel, Jordan, Lebanon, Libya, Morocco, Palestine, Syria and Tunisia.

Objectives include:Positioning MSMEs as driver of inclusive and sustainable growth in a globalised economy, through a better adaptation of selected aspects of MSME development policies and regulations to the needs of MSMEs; Enhancing the MSMEs’ regulatory and institutional environment, by promoting the administrative simplification and regulatory impact analysis as an element of SME policy making; Improving MSME Access to Finance through alternative financial tools and digitalisation; by working on an improved matching, per MSME needs, of selected aspects of finance policies and instruments, notably concerning alternative financial mechanisms; and raising awareness, among MSMEs representatives and relevant stakeholders, on financial instruments including the “EU Initiative for Financial Inclusion” and tools available through a regional platform which enhances South-South dialogue.

Actions include:producing relevant studies in support of the work programme of the UfM Regional Platform on Industrial Cooperation including assessment of MSME constraints for the use of alternative financial mechanisms and instruments; supporting the formulation of more efficient policies, regulations and recommendations; developing MSMEs good practice databases; facilitate the exchange of good practices at bilateral and regional level of admin simplifications and regulatory impact analysis; developing mechanisms to facilitate private sector association to the main phases of strategy development and policy-making; improving existing EBESM (Enhancement of the Business Environment in the Southern Mediterranean)  mapping of access to finance tools; launch a stakeholder dialogue and other actions to raise awareness among financial institutions on MSME needs; developing a regional platform including measures taken to address Covid19 which facilitates exchange of views, sharing of experiences and best practices for MSMEs in Southern Neighbourhood countries; implementing communication activities to raise awareness on the ‘EU Initiative for financial Inclusion’; and organizing a mid-term and a closing event highlighting achievements & next steps.

Key Resources

Key Resources Description

Crowdfunding is an important source of non-bank financing (alternative finance) that encourages innovations, jobs creation and economic growth and competitiveness. There are different models for the Crowdfunding Platforms, however this case study will mainly focus on: 1.Investment-Based Crowdfunding:companies issue equity or debt instruments to crowd-investors through the platform 2. Lending-Based Crowdfunding (also known as Crowdfunding, Peer-to-Peer”P2P” or Marketplace lending):companies or individuals seek to raise funds from the public through platforms in the form of loan agreements

Additional Resources


  • Authors: MED MSMEs
  • Year: 2018


  • Language(s): English
  • Number Of Pages: 2
  • Type Of Document: info sheet



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