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Promoting SME development

19 August 2017

The private sector is widely recognised as the engine of growth; however, in many developing economies, market constraints limit the ability of the private sector to function and to deliver the wealth anticipated of it. By working to support the efficient functioning of market systems and to facilitate the private sector to flourish, it is possible to promote sustainable growth and wealth creation. This support may entail a range of approaches, from policy development to put sound macroeconomic principles in place, to working with the financial sector to improve access to services, through to establishing a framework to safeguard property rights.