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Proactive Policies |
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| National Government Initiatives |
| --"Both macro and micro support are necessary for the development of a strong SME sector in transitional economies." |
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The importance of a competitive SME sector and the development of internationally competitive SME clusters are widely accepted. Many governments of transitional and developing countries have realised that macro-level support alone is not sufficient if the conditions for the development of a strong SME sector are not fulfilled. It is accepted that institutionalised support aimed at assisting SMEs and industrial clusters in developing and adapting to the changing world competition is crucial. This is one of our core competencies and we are in the process of developing self-sustainable business support and centres of excellence in many transition and developing countries.
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At the policy-level our specialties extend towards supporting governments and institutions in designing and implementing the conditions leading to a competitive private sector.
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Policy advice in the areas of SME
development and industrial policy |
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Creation and institutional strengthening of private sector support institutions, e.g. chambers of commerce, industry associations, business support centres, etc |
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Development of management consulting clusters and associations |
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Achievement of financial self-sustainability of business centres |
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Development and implementation of training programmes for the creation of micro enterprises |
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Assistance in regional development by creation of adapted infrastructures and improvement of factor conditions |
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Project cycle management, e.g. project formulation, monitoring & evaluation |
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| SME Financial Institutions and Schemes |
| --"For SMEs to successfully obtain favourable financing, both the supply and demand aspects of the financial markets need to be addressed." |
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| Inefficient financial markets are a characteristic of many transition and emerging countries. Usually, the lack of availability of equity and credits affects primarily SMEs as well as micro enterprises. This is why our assistance in the financial sector focuses on financing schemes and institutions for SMEs.
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| Our work addresses both the supply and demand side of the financial markets. On the supply side, we assist governments, institutions and financial intermediaries in increasing the credit supply effectively available to SMEs. On the demand side, we assist SMEs and business support institutions in applying for loans and distributing information on the availability and conditions of credits. |
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Set-up and management of
credit units |
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Project identification, evaluation and implementation of direct investments in SMEs for development banks |
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Selection of financial intermediaries for the management of SME credit schemes |
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Technical assistance to banks in transition and developing countries |
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Preparation of procedures and manuals for loan funds |
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Design and implementation of training programmes for financial intermediaries |
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| Asset Management for State-Owned Enterprises (SOEs) |
| --"State-Owned Enterprises (SOEs) can spur economic progress only if the market is not overly protected." |
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State-Owned Enterprises (SOEs) are important as a stimulant to economic progress. Employed effectively, SOEs can buttress an economy and keep it in shape during recessions. Unlike foreign direct investments (FDIs) which may pull out of a country during downturns, one can be relatively assured that SOEs will continue to operate and support the economy. Yet, governments who rely too heavily on SOEs run the risk of distorting market conditions with overly interventionist policies. In particular, acquisition of bad assets by SOEs could lead to insolvency. If bankruptcy laws are not flexible enough, an increase in non-performing loans among financial institutions could result; thus affecting banking dynamics and potentially creating a butterfly effect across the rest of the economy. A delicate regime and sound corporate policies are necessary in order for SOEs to be a boost rather than a drag on the economy.
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We can assist SOEs in asset management in the following areas:
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Strengthening of asset management disposition strategy |
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Definition of operational standards and transparency requirements |
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Implementation of risk management and credit enhancement framework |
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Recommendation of incentives to accelerate debt resolution and asset disposals |
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Fine-tuning of capital expenditure policy |
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