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South East Europe Compact for Reform, Investment, Integrity and Growth ENTERPRISE POLICY PERFORMANCE ASSESSMENTS. by Mr. Antonio FANELLI Principal Administrator OECD Co-Chair of the Investment Compact. ENTERPRISE POLICY PERFORMANCE ASSESSMENT. In the presentation:
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South East Europe Compact for Reform, Investment, Integrity and GrowthENTERPRISE POLICY PERFORMANCE ASSESSMENTS by Mr. Antonio FANELLI Principal Administrator OECD Co-Chair of the Investment Compact
ENTERPRISE POLICY PERFORMANCE ASSESSMENT In the presentation: • What are the Enterprise Policy Performance Assessments • What is the content of the Regional Report: main features • The main conclusions
ENTERPRISE POLICY PERFORMANCE ASSESSMENT • Independent policy assessments jointly by the EBRD and the OECD • EC [DG Enterprise] has now joined the EPPA programme: link with the European Charter for Small Enterprises
ENTERPRISE POLICY PERFORMANCE ASSESSMENT Regional Dimension: • All the SEE Stability Pact Countries: Albania, Bulgaria, Croatia, FYR Macedonia, Moldova, Romania, Serbia and Montenegro • 9 Country EPPA Reports completed (Bulgaria, December 2003) • 1 Regional Comparative Report
ENTERPRISE POLICY PERFORMANCE ASSESSMENT 6 Policy Dimensions: • Institutional framework for SME policy • Rule of law and the regulatory environment • Tax policy for small businesses • Financial instruments for fostering small businesses • Advisory services for small business • Business incubators: support to start-ups
ENTERPRISE POLICY PERFORMANCE ASSESSMENT Assessment based on: • Insights from SME owners and managers • Inputs from experts and policy makers • Analytical research Support of a network of local consultants
ENTERPRISE POLICY PERFORMANCE ASSESSMENT Regional Report: • Same 6 policy dimension • Cross country comparison • Performance measured against policy benchmarks and good practices
ENTERPRISE POLICY PERFORMANCE ASSESSMENT SMEs per 1,000 inhabitants : • SEE (average) : 12.5 • EU (plus): 52,8
ENTERPRISE POLICY PERFORMANCE ASSESSMENT Perceptions of the Institutional Framework
ENTERPRISE POLICY PERFORMANCE ASSESSMENT Deviation from Institutional Good Performance
ENTERPRISE POLICY PERFORMANCE ASSESSMENT Perceptions of the Regulatory Framework
ENTERPRISE POLICY PERFORMANCE ASSESSMENT Costs and Time Required for Business Registration
ENTERPRISE POLICY PERFORMANCE ASSESSMENT Perceptions of the Tax Framework
ENTERPRISE POLICY PERFORMANCE ASSESSMENT Perceptions of Access to Finance
ENTERPRISE POLICY PERFORMANCE ASSESSMENT If normal banks do not lend, what then? • Commercial microfinance, it works • Dedicated SME credit lines to banks, works for larger clients and fewer loans • NGOs, but rarely commercially viable and not sustainable
ENTERPRISE POLICY PERFORMANCE ASSESSMENT Perceptions of Business Advisory Services
ENTERPRISE POLICY PERFORMANCE ASSESSMENT Perceptions of the Business Incubator Framework
ENTERPRISE POLICY PERFORMANCE ASSESSMENT All the reports available on the website of the Investment Compact WWW.INVESTMENTCOMPACT.ORG Requests for printed reports to: Georgiana.Pop@oecd.org