SME DEVELOPMENT STRATEGY IN LIBYA

PROJECT STEERING COMMITTEE &

SHORT TERM ACTION PLAN MEETING

TUNIS, 8 DECEMBER 2016

Session 3: SHORT TERM ACTION PLAN – OBJECTIVES

Lois Stevenson, OECD Consultant

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OBJECTIVE OF SESSION 3

To gain input from the Project Steering Committee

and other Libyan stakeholders on:

the vision for SME development strategy,

overall objectives of the Short-term Action Plan,

the strategic priorities,

the main elements to be included

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VISION STATEMENT FOR HIGHER-LEVEL

OUTCOMES OF SHORT-TERM ACTION PLAN

Vision statement that could be later aligned to a

detailed national entrepreneurship and SME

development strategy for Libya when the political

situation improves

Vision for the National SME Programme launched by

the NPC/NEDB in 2008 was to “make Libya one of the

most attractive places in the region for starting and

growing a business” so as to render a more

internationally competitive economy

Suggestions for the framing of a vision statement

are welcomed from the Steering Committee and

other Libyan stakeholders

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CONSENSUS AGREEMENT ON KEY STRATEGIC

OBJECTIVES OF THE SHORT-TERM ACTION PLAN

Consensus on key strategic objectives - important to guide the general direction of the Short-term Action Plan, and in setting the indicators to monitor its outcome

What are these higher-level objectives? What are the primary outcomes to be realistically anticipated from the implementation of the short-term Action Plan?

For example, should it be: To increase the number of new entrepreneurs and start-ups (by how

many, by when?)

To increase the level of employment creation by new and existing small enterprises (to what?)

To increase the number of SME exporters (from what to what)?

To raise the level of productivity and competitiveness of existing SMEs?

To foster entrepreneurship and SME development in the regions and balanced access to support programmes and services?

To …………………………………………….?

Discussion????

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STRATEGY OBJECTIVES IMPLIED FROM THE OECD-

LIBYA DIAGNOSTIC STUDY

Broadening the entrepreneurial base and increasing the

rate of participation of private SMEs in the economy.

Building an entrepreneurship culture and stimulating the

entry of a large number of entrepreneurial start-ups,

including innovative and high value-added start-ups (to

address the very low level of entrepreneurial activity and

unleashing of latent entrepreneurial potential of the

population)

Increasing the rate of formality among SMEs.

Reducing barriers to expansion and growth of existing

SMEs

Increasing the availability of appropriately skilled workers

to meet the needs of SMEs. 5

7 STRATEGIC PRIORITIES AS STATED IN OECD-LIBYA

DIAGNOSTIC REPORT

A. Improve access to finance B. Strengthen the culture of entrepreneurship C. Promote the inclusion of vulnerable population and

regional balance D. Improve access to networks and skills, including

through business development support (BDS) services E. Improve the legal and regulatory environment for start-

ups and SMEs F. Improve access to markets for SMEs G. Develop innovation and technological capacity of SMEs Are these the right ones? And with what priority? Exercise on Worksheet 1: handout material (level of priority and ranking)

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PRELIMINARY ACTIONS ASSOCIATED WITH STRATEGIC

PRIORITIES – OECD-LIBYA DIAGNOSTIC STUDY

Diagnostic study identified a number of short-, medium- and longer-term actions under each of the 7 strategic priorities (see Annex of handout material – “Potential actions for strategic priorities)

These actions have to be realistic to be achieved over a 2-year time frame, yet set the foundation for a later national SME/entrepreneurship strategy

Questions for discussion:

Are these the major ones to be addressed in the Short-term Action Plan?

Should some be shifted from short-term to medium-term or vice versa?

Should other actions be included?

Should emphasis be placed on certain target groups (e.g. women, young people, new gradates, ex-combatants)?

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EX: STRENGTHEN THE CULTURE OF ENTREPRENEURSHIP

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EX: IMPROVE ACCESS TO NETWORKS AND SKILLS,

INCLUDING THROUGH BUSINESS DEVELOPMENT

SUPPORT SERVICES

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EX: IMPROVE ACCESS TO MARKETS FOR SMES

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EX: DEVELOP INNOVATION AND TECHNOLOGICAL

CAPACITY OF SMES

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COMMENTS/ QUESTIONS/DISCUSSION INPUT?

Repeating main questions for discussion

Are these the major activities to be addressed in the

Short-term Action Plan?

Should some be shifted from short-term to medium-

term or vice versa?

Should other actions be included?

Should emphasis be placed on certain target

groups (e.g. women, young people, new gradates,

ex-combatants)

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