Local view for "http://purl.org/linkedpolitics/eu/plenary/2003-07-01-Speech-2-183"

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". Your question is most pertinent. From the African point of view, constructing the economic fabric must clearly entail creating small businesses. It is also true that such businesses generally have less access than larger ones to international finance procedures. Having said that, with what we are doing in the field of development aid and technical assistance for training, with what we are doing to encourage trade and with what the European Investment Bank is now doing – and God knows it is putting enough effort into it! – in this region, the volume and the number of instruments available to the entrepreneurial initiative are, I believe, experiencing rapid growth. Investment is necessary even if it only pays off in the medium and long term and even if we have to wait until a reasonably sophisticated level of development has been achieved to ensure that small businesses – which are by definition much more reticent about taking risks than large companies – participate actively in the type of trade that we want to promote."@en1

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