INSME Attends the 2nd Session of the OECD’s Committee on SMEs and Entrepreneurship

2 May 2022

On the 12th and 13th April 2022, INSME attended to the 2nd Session of the OECD Committee on SMEs and Entrepreneurship (CSMEE).   

Taking place in a hybrid format, this special event’s second session saw CSMEE delegates, representatives from international organisations, small and large businesses, delegates from other OECD committees, and private sector partners, engaging and discussing over the work under development in the CSMEE.  

On the first day, there were three main rounds of discussion that revolved around the presentation of the final draft of the guiding principles on SMEs and Entrepreneurial development, meant to be integrated into the framework of the OECD SME and Entrepreneurship Strategy.   

Said final draft considered comments received both during and after the 1st CSMEE Session in October 2021, as well as comments received from the public and through consultations of other OECD policy communities. To this end, active participation from the delegates was also highly encouraged during this month’s event at every point of the discussion and presentation of the guiding principles and the future 2023 publication.  

On the second day of the event, the Director of the OECD Center for Entrepreneurship Lamia Kamal-Chaoui, dove more in depth and presented a first draft of the revised G20-OECD High-Level Principles on SME Financing, which included a timeline for delivery to the G20. The Secretariat also presented a draft report on Financing SMEs for Sustainability, transitioning into the next topic of green SMEs and Entrepreneurs by discussing green recovery plans, the development of SME Greening Indicators, and giving key insights from recent work on approaches to green entrepreneurship.   

To close the event, the delegates were invited to share recent progress in the implementation of SME recovery and resilience measures, and discuss the impact that a changing global environment is expected to have on them.  

To learn more about the committee and its role in the OECD, check the website for more insights

Source: INSME Secretariat

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