In this new policy brief, CEPS Senior Fellow Rym Ayadi and Antonio Fanelli, of the OECD, propose a blueprint for a new framework for micro and medium-sized enterprise development in the context of the ongoing Euro-Mediterranean cooperation with a new role for the Union for the Mediterranean...

This study assesses whether lending to SMEs could and should be one of the conditions for a bank to qualify to receive State aid. The assessment consists of a legal and an economic part. In the legal part the possibilities to apply the conditionality to State aid are explored. The economic part...

IRCCF Director, Professor Rym Ayadi, contributed to the second issue of the journal “European Economy” dedicated to banks, regulation and the real sector. Entitled “Who takes the risks for funding SMEs?” the issue was launched on October 27 during a Round Table at the Italian Senate....

Micro-, small- and medium-sized enterprises (MSMEs) in the Southern and Eastern Mediterranean suffer from credit constraints. Given their contribution to employment and growth, similarly as in other regions, policy-makers have developed credit guarantee schemes (CGSs) in order to facilitate...

The Arab Spring, which took root in Tunisia and Egypt in the beginning of 2011 and gradually spread to other countries in the southern Mediterranean, highlighted the importance of private-sector development, job creation, improved governance and a fairer distribution of economic opportunities....