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National Economic Development Board NEDB National SMEs Programme. Developing a sustainable SMEs sector in an oil-producing country. Ramadan S. Almorhag. Ramadan S. Almorhag , National Programme for SMEs Tripoli, Libya. B.Sc industrial Engineering – Windsor, Canada.
Developing a sustainable SMEs sector in an oil-producing country
Ramadan S. Almorhag
National Programme for SMEs
B.Sc industrial Engineering – Windsor, Canada
B.Sc Computer Science – Wolfville, Canada
GDP at current prices
GDP at constant prices
2002 LYD billion
* Converted at the 31/12/2007 exchange rate of USD 1 = LYD 1.2239
Source: Global Insight (WMM)
Source: “Libya country profile 2005” – Economist intelligence unit
2006ASpects of reform – the banking sector ..
Source: Economist intelligence unit; “Libyan Banking System” Rating Developments – May 2002; press
1. Unregistered economic activities which contribute to the officially calculated (or observed) Gross National Product
2. Those activities which are not recorded in the national income accounts
3. Income-generation activities which take place outside of the formal regulatory framework
4. Units engaged in the production of goods or services with the primary objective of generating employment and incomes to the persons concerned
5. Units in small unregistered enterprises, both employers and employees, as well as self-employed persons who work in their own or family businesses
The Agriculture Bank 1960
The Development Bank 1980
The Rural bank 2002
The Employability Fund 2006
The National SMEs Programme 2007
Making Libya the best place in the region to start and grow a business.
Enabling the Libyan Economy to be competitive in the International Market through Entrepreneurship Development, Business Incubation, Innovation and Technology Transfer
% of SMEs in total businesses
% of Persons employed by SMEs in total businesses
% of Turn-over Generated by SMEs in total businesses
World-wide Contribution of SMEs
Source: GLOBAL PROJECTS & SERVICES (P) LTD.
Establishing of National Strategy for SME’s Support and Development.
Promotion of entrepreneurship culture and self-dependency.
Promotion of innovation culture in society through the development of Libyan knowledge economy.
Promotion of QMS Culture to create competitive values of SME’s.
The Dutch disease
Though oil revenue when managed well, can educate and create jobs; it also carries risks. Rarely have developing countries used oil money to improve the lives of the majority of citizens or bring economic growth. More often, oil revenues have caused crippling economic distortions.
Nigeria has been stagnant since independence in 1960: No growth
Per capita growth 1965-1998
Iran and Venezuela: -1% per year
Iraq and Kuwait: -3%
Improving access to finance for SME’s businesses,
Looking forward to your Support …