The OECD has a new publication reporting on discussions that were held at its SME and Entrepreneurship Ministerial Meeting, 27-28 June 2023. With the global context having radically evolved in the last three years, due to the COVID-19 pandemic, the Ukraine conflict, and other challenges, policies will also need to evolve in order to ensure that SMEs are resilient and have access to the support they require. The publication notes the need to find a balance between guaranteeing long-run financial support and providing the right conditions for SMEs to compete and become more productive. Furthermore, the policies need to be people-centred and granular as SMEs can widely differ, with no one policy fitting all of their collective needs.
Click here to read the full paper.