Tackling Internal Debts

It is accepted economic orthodoxy that Small and Medium-size Entreprises (SMEs) are critical driver of economic development; more so in developing countries where they contribute a substantial portion of employment and national income. It is therefore vital for any developing country dreaming of attaining middle income-earning status to develop, nurture and provide the necessary support and enabling environment for SMEs to thrive. It is refreshing to note that this challenge is very much at the centre of many african countries National Development plan as can be seen in many initiatives in the last several years.

However more needs to be done to ease the splight of SMEs. What policies african government should provide to settle internal debts due to local SMEs. Please share the experience of your country, but also read the ongoing government activities for the case of Cameroon.

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