Technical Brief: Improving the business environment for micro, small and medium-sized enterprises in Pacific Island countries
Year of Publication: 2020
Pacific micro, small and medium-sized enterprises (MSMEs) and especially those operating in the agro-sector play an important role in value chain development and food system sustainability in PICs, but, to realise their full potential, they need an enabling environment that nurtures and facilitates the business set-up and operation.
The potential of agro-based MSMEs to harness innovation, increase economic activity and create employment in support of socio-economic development in the region is undisputed.
This brief highlights the issues faced by MSMEs and explores how to unleash the potential of these agribusinesses, and how a conducive and business-friendly environment that promotes entrepreneurship, growth and development can look like.