Algiers, June 1, 2005—The International
Finance Corporation, the private sector arm of the World Bank Group, partnered
with two Algerian institutions few days ago to introduce the SME Toolkit
in Algeria. It is a joint project with the Algerian SME Ministry to build
the capacity of the CNC PME (Conseil National Consultatif pour la
promotion de la Petite et Moyenne Entreprise), the National Advisory Board
for SME Development in Algeria.
The introduction of the SME toolkit in Algeria will help leverage the latest
information and communication technologies. The aim is to support small
and medium enterprises learn and implement sustainable business management
practices and increase their productivity, efficiency, and capacity, thereby
improving their access to new markets.
The Private Enterprise Partnership in the Middle East and North Africa
(PEP-MENA), IFC’s technical assistance facility for the region, will help
strengthen Algerian Business Membership Organizations (BMOs) by building
the organizational capacity of the CNC PME. PEP-MENA will also help provide
effective operational tools.
The Algerian SME Ministry was established in 2000. Its main role is to
promote and develop the SME sector. The SME Ministry defines and implements
an integrated strategy for improving the SME global environment and promoting
CNC PME (Conseil National Consultatif pour la promotion de la Petite et
Moyenne Entreprise) was created in June 2001 as the highest Algerian national
council to improve the business enabling environment for SMEs and to support
local Business Membership Organizations development. CNC PME has 85 members,
36 out of which are BMOs and business confederations.
SME Toolkit is a project of the International Finance Corporation (IFC),
a member of the World Bank Group. It offers a range of rich interactive
content to help educate small business owners and managers in seven core
business areas: Accounting and Finance, Business Planning, Human Resources,
Legal and Insurance, Marketing and Sales, Operations, and Information Technology.
PEP-MENA is IFC’s technical assistance facility that supports private
sector development in the Middle East and North Africa. PEP-MENA focuses
on improving the business-enabling and regulatory environment in the region;
strengthening the financial sector; promoting the growth of small and medium
enterprises and their support services, such as business organizations
and consulting firms; helping restructure and privatize state-owned enterprises;
and developing viable private sector and public-private partnership projects,
especially in infrastructure.
The mission of IFC (www.ifc.org)
is to promote sustainable private sector investment in developing countries,
helping to reduce poverty and improve people’s lives. IFC finances private
sector investments in the developing world, mobilizes capital in the international
financial markets, helps clients improve social and environmental sustainability,
and provides technical assistance and advice to governments and businesses.
From its founding in 1956 through FY04, IFC has committed more than $44
billion of its own funds and arranged $23 billion in syndications for 3,143
companies in 140 developing countries. IFC’s worldwide committed portfolio
as of FY04 was $17.9 billion for its own account and $5.5 billion held
for participants in loan syndications.