Strengthening the SME Sector

To enhance private sector development and increase the impact of Private Sector Development (PSD) Strategy Projects, there is a need for a comprehensive program that will link business climate reforms to cluster development initiatives and to improvements at the firm level. To develop such an action plan, governments and the private sector need to agree on a medium-run agenda to improve competitiveness (PSDs), while prioritizing strategic investments, policy reforms, institutions, instruments and initiatives to boost the private sector. This presentation discusses the SME sector, different strategies for its development and why SME development programs are utilized as a tool by the Bank.