Highlights of IDB base s Approach
Young Arab Entrepreneur Forum increase Business in JordanJune 19, 2006 - Jordan
Entrepreneurship: The X-factor
Economic Growth is a economic consumption of factors of yieldion labour, capital and an X factor. This X factor is set greatly by the ability of individuals in an economy to nurse all these factors of production and produce a value added product or service. This ability is whats called entrepreneurship.
2
Entrepreneurs contribution to economic development
Factors of production
pertly Projects Development
Entrepreneurs
New Markets
& Growth
New Skills Innovations
3
Constraints facing entrepreneurs in IDB member countries
miss of entrepreneurship culture in some countries. Over-taxation, complex government requirements & regulations, and verbose procedures. Difficulty raising capital and guarantees. want of adequate incentives. scummy project management skills and limited resources and experience in marketing. Lack of adequately trained labour force
4
Promotion of entrepreneurship: the role of the IDB Group
Promoting entrepreneurship is go of IDB Groups efforts to promote private celestial sphere development. increase emphasis by IDB has been laid on private sector development since the early nineties.
as illustrated by establishment of ICIEC, ICD, and ITFC, and IDBs efforts to develop an Islamic financial industry. Promotion of entrepreneurship by the IDB Group is carried out through several direct and indirect antonymous means.
5
IDB Groups contribution to Entrepreneurship Promotion
Development of SMEs Enabling environment Micro-financing
Cross-border investment
Entrepreneurship Promotion
V.C Funds
Enterprise stewardship
Reliance on Contractors/consultants from member countries
IDB Groups approach for supporting SMEs
Financing
Promotion of SMEs Capacity building Networking / surmount practices dissemination
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