THE ARAB MONETARY FUND IN COOPERATION WITH THE JAPAN INTERNATIONAL COOPERATION AGENCY (JICA) AND THE CENTRAL BANK OF TUNISIA ARE ORGANIZING A COURSE ON "DEVELOPING SMALL AND MEDIUM ENTERPRISES" TUNISIA - TUNISIA

by **claud39** Mon Nov 12, 2018 7:22 am

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THE ARAB MONETARY FUND IN COOPERATION WITH THE JAPAN INTERNATIONAL COOPERATION AGENCY (JICA) AND THE CENTRAL BANK OF TUNISIA ARE ORGANIZING A COURSE ON "DEVELOPING SMALL AND MEDIUM ENTERPRISES" TUNISIA - TUNISIA

THE ARAB MONETARY FUND IN COOPERATION WITH THE JAPAN INTERNATIONAL COOPERATION AGENCY (JICA) AND THE CENTRAL BANK OF TUNISIA ARE ORGANIZING A COURSE ON "DEVELOPING SMALL AND MEDIUM ENTERPRISES" TUNISIA - TUNISIA IMG_3486

2018-11-12

The "Small and Medium Enterprises Development" organized under the auspices of the Central Bank of Tunisia, opened in Tunis, Tunisia
on 12-16 November 2018, and the Institute for Economic Policy in the Arab Monetary Fund in cooperation with Japan International Cooperation Agency (JICA).

The session aims to capture the topics related to the development of the activities and activities of small and medium enterprises, which play an important role in the economic growth of all countries, especially those with emerging and developing economies. They constitute about 90% of enterprises, contribute about 33% of GDP and more. About half of exports. The professionalism of these institutions, as well as flexibility and responsiveness to changes, make them a driving force for economic growth. The jobs they create raise the living standards of individuals in both developing and developed countries, and small and medium enterprises employ a significant part of the workforce.

The provision of finance at a reasonable cost is so important for this sector to grow. To achieve this objective, the market infrastructure must be developed so as to motivate financial institutions to move towards financing this sector and a rewarding return on finance. Small and medium-sized enterprises provide a unique opportunity for MFIs to provide financial support to these institutions and to create employment opportunities that contribute 4 out of 5 new job opportunities.

On this occasion, Dr. Abdulrahman bin Abdullah Al Humaidi, Director General and Chairman of the Fund, said:

Dear sisters and brothers

At the outset, I would like to take the opportunity of holding the "Small and Medium Enterprises Development" course in our dear country, the Republic of Tunisia, to express our thanks and gratitude to His Excellency Dr. Marwan Abbassi, Governor of the Central Bank of Tunisia.

I would also like to welcome you at the beginning of the session organized by the Institute for Economic Policy in the Arab Monetary Fund in cooperation with the Japan International Cooperation Agency (JICA) and the Central Bank of Tunisia.

Dear sisters and brothers

The session aims to capture the topics related to the development of the activities and activities of small and medium enterprises, which play an important role in the economic growth of all countries, especially those with emerging and developing economies. They constitute about 90% of enterprises, contribute about 33% of GDP and more. About half of exports. The professionalism of these institutions, as well as flexibility and responsiveness to changes, make them a driving force for economic growth. The jobs they create raise the living standards of individuals in both developing and developed countries, and small and medium enterprises employ a significant part of the workforce.

Dear sisters and brothers

Despite the importance these institutions occupy in the economy, their growth faces challenges in financing and regulatory requirements. The small size of these institutions, the lack of creditworthiness and the lack of development of capital markets limit their access to finance through bonds or shares The provision of finance through banks requires a credit record and adequate guarantees, which is an obstacle to the access of SMEs to finance through this channel.

The provision of finance at a reasonable cost is so important for this sector to grow. To achieve this objective, the market infrastructure must be developed so as to motivate financial institutions to move towards financing this sector and a rewarding return on finance. Small and medium-sized enterprises provide a unique opportunity for MFIs to provide financial support to these institutions and to create employment opportunities that contribute 4 out of 5 new job opportunities.

Dear sisters and brothers

The Arab Monetary Fund pays great attention to the development of small and medium enterprises in the Arab countries in the belief that these institutions are important in driving economic growth. In 2016, the IMF launched a new facility to support reforms aimed at creating an enabling environment for small and medium enterprises in member countries. The Fund has made loans to a number of its member countries with a total value of about 129 million Kuwaiti Dinars, which is about US $ 542 million to support the efforts of these countries in creating an environment conducive to the development of small and medium enterprises. Workers of small and medium enterprises in the Arab countries "in order to identify the current status of the business environment of these institutions and efforts to develop them and highlight the challenges they face.

Your course is rich in topics related to the development of SME activities and activities, focusing on the following topics:

SME environment in Arab countries.
Understand the funding needs of small and medium enterprises.
Japanese experience in financing small and medium enterprises.
Developing legal environment, infrastructure, and organization.
Control of small and medium enterprises.

In conclusion, I would like to thank the Central Bank of Tunisia in particular and the Republic of Tunisia in general for hosting the session and for the hospitality. I would like to commend the fruitful and continuous cooperation with the Japan International Cooperation Agency (JICA) in holding such important training courses, Cadres in our Arab countries. I would also like to thank the participating experts for the presentation of the course materials.

With best wishes for a successful course and a good stay in our dear country Tunisia.

Peace, mercy and blessings of God.

THE ARAB MONETARY FUND IN COOPERATION WITH THE JAPAN INTERNATIONAL COOPERATION AGENCY (JICA) AND THE CENTRAL BANK OF TUNISIA ARE ORGANIZING A COURSE ON "DEVELOPING SMALL AND MEDIUM ENTERPRISES" TUNISIA - TUNISIA IMG_3526