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- Gabarit site projet     COVID-19 has triggered an economic and public health crisis that has had a particularly severe effect on informal businesses and workers in a region where they have historically represented a large share of the economy (up to half of GDP in several countries). The informal sector has previously acted as a social buffer in times of crisis, and has been a source of resilience for many precarious workers in transition economies. For many in the region, informal economic activity has provided subsistence revenues, flexible arrangements and opportunities for vulnerable ...

War room to oversee KZN job creation Share Durban – KwaZulu-Natal Premier Sihle Zikalala has announced the establishment of the War Room on job creation, which is to be chaired by him and is set to monitor and oversee the implementation of employment-creation projects in the province. Zikalala was presenting the KZN State of the Province Address (Sopa) yesterday at the provincial legislature in Pietermaritzburg as the province, like the eight others in the country, embarked on the road to economic recovery in the midst of the coronavirus pandemic. Among the key aspects of Zikalala’s...

  Small and medium-sized enterprises (SMEs) are widely recognised to be the engine for creating jobs and supporting economic development in the Southern Mediterranean. Improving access to finance for SMEs remains one of the key challenges hindering inclusive and long-term growth in the region. The European Investment Bank (EIB) has joined forces with the European Commission under the Neighbourhood Investment Platform to develop the EU Trade and Competitiveness Programme with a primary focus on improving SMEs’ access to finance in Egypt, Jordan, Morocco and Tunisia. The programme aims to in...

EBRD lends €5 million to OTP Bank in Albania EBRD lends €5 million to OTP Bank in Albania SMEs can use funds for upgrades to meet EU standards   On successful completion of projects, borrowers receive financial incentives The European Bank for Reconstruction and Development (EBRD) is providing a €5 million loan to OTP Bank  Albania to improve the competitiveness of small and medium-sized enterprises (SMEs) in the country, following the severe impact of the coronavirus pandemic on the local and regional economy. The programme is part of a wider EBRD-EU initiative to support SMEs acr...