IFC introduces SME Toolkit in Algeria
The International Finance Corporation, the private sector arm of the World Bank Group, partnered with two Algerian institutions few days ago to introduce the SME Toolkit in Algeria. It is a joint project with the Algerian SME Ministry to build the capacity of the CNC PME (Conseil National Consultatif pour la promotion de la Petite et Moyenne Entreprise), the National Advisory Board for SME Development in Algeria.
The introduction of the SME toolkit in Algeria will help leverage the latest information and communication technologies. The aim is to support small and medium enterprises learn and implement sustainable business management practices and increase their productivity, efficiency, and capacity, thereby improving their access to new markets.
The Private Enterprise Partnership in the Middle East and North Africa (PEP-MENA), IFC’s technical assistance facility for the region, will help strengthen Algerian Business Membership Organizations (BMOs) by building the organizational capacity of the CNC PME. PEP-MENA will also help provide effective operational tools.
The Algerian SME Ministry was established in 2000. Its main role is to promote and develop the SME sector. The SME Ministry defines and implements an integrated strategy for improving the SME global environment and promoting SME initiatives.
CNC PME (Conseil National Consultatif pour la promotion de la Petite et Moyenne Entreprise) was created in June 2001 as the highest Algerian national council to improve the business enabling environment for SMEs and to support local Business Membership Organizations development. CNC PME has 85 members, 36 out of which are BMOs and business confederations.
SME Toolkit is a project of the International Finance Corporation (IFC), a member of the World Bank Group. It offers a range of rich interactive content to help educate small business owners and managers in seven core business areas: Accounting and Finance, Business Planning, Human Resources, Legal and Insurance, Marketing and Sales, Operations, and Information Technology.