The credit guarantee agencies for micro, small and medium-sized enterprises (MSMEs) from Morocco, Tunisia, Egypt, Jordan, Palestine and Lebanon have signed a Memorandum of Understanding (MoU) at the premises of the Secretariat of the Union for the Mediterranean, launching a Euro-Med Guarantee System Network (EMGN).
TheMoU is the first step towards the crystallisation of an upcoming project entitled Euro-Mediterranean Guarantee Network (EMGN).The objective of the EMGN project will be to facilitate training, exchange of best practices to improve the institutional environment as well as research and studies on the feasibility of fostering counter-guarantee funds to support MSMEs in the Mediterranean partner countries and to promote research and analytical tools to create guarantee instruments, in particular those which are dedicated to micro and small and medium sized enterprises, and which fall under the interest of the parties.
Support for business development is one of the key priorities of the UfM, in particular in assisting the development of micro, small and medium-sized enterprises.(ENPI Info Centre)
Read more
Secretariat of the Union for the Mediterranean – website
UfMprojects funding coordination and business development
ENPI Info Centre webpage – economy
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