Fostering the Social and Solidarity Economy in MENA countries: Issues and Constraints
Keywords:Formalisation policies, Informal economy, Institutional framework, Social and Solidarity Economy (SSE), Microfinance Institutions (MFIs), Youth unemployment.
Focusing on six MENA countries, the social and solidarity economy (SSE) includes both for profit and non-profit entities, cooperatives, associations
and mutual. Their legal frameworks and economic impact, especially in terms of employment and GDP contribution are surveyed. Both endogenous
and exogenous funding, such as personal savings and grants, are the major sources of SSEs, which face structural deficiencies in the banking system and lack tailored financial products that the microfinance industry should overcome. The SSE including microfinance institutions plays also a role in formalising both informal businesses and employees, as well as triggering job creation, especially for youth and women.