The joint World Bank–IFC Micro, Small and Medium Enterprise program for the Middle-East and North Africa Region is a multi-donor technical assistance facility that aims to improve access to finance for MSMEs, promote sustainable job creation, and encourage private-sector led growth during a time of transition for many countries in the region.
The MSME Technical Assistance Facility:
Improves the enabling environment for MSMEs by supporting policy, legal, and regulatory reforms to ease their access to finance.
Provides advisory services to financial institutions that serve MSMEs, creating a more inclusive financial system with a focus on helping youth and women.
Builds the capacity of MSMEs through analytical work and technical assistance.
The facility provides a package of technical assistance, advisory services, and policy support, and is a response to the urgent need and increasing demand in the region for generating job opportunities. In addition, the facility is leveraging World Bank Group investment for enhancing access to finance for MSMEs. Since the inception of the facility, total World Bank Group investments (Loan and Equity) in MSME development have amounted to $2.32 billion.
World Bank Group MENA MSME Program
World Bank Group Achievements under MSME TA Facility
$31.58 million mobilized from five core donor partners.
$2.5 million committed by financial institutions for technical assistance
$2.4 billion leveraged in IBRD and IFC credit line
$4.5 billion loans disbursed to MSMEs
3.6 million loans disbursed to MSMEs
7 key laws enacted
227,675 jobs created
Improving Access to Finance for MSMEs in MENA: Small and medium enterprises account for 90 percent of enterprises in the Arab world and up to 40 percent of jobs, yet still struggle to access funding. The joint World Bank–IFC Micro, Small and Medium Enterprise Facility for MENA supports access to finance for MSMES in MENA by working to improve the legal and regulatory framework for MSME financing, and building the capacity of MSMEs as well as that of financial intermediaries to spur private sector growth. Find out how their work is helping small entrepreneurs across the region in this film.
The MENA MSME Technical Assistance Facility is supported by the Canadian Department of Foreign Affairs, Trade and Development, the Danish International Development Agency, Japan, Switzerland’s State Secretariat for Economic Affairs and UKaid.