The guarantee fund FGAR : as a public mechanism to promote entrepreneurship beyond the hydrocarbon sector
Joint Authors
Source
Journal of Finance and Corporate Governance
Issue
Vol. 1, Issue 1 (30 Jun. 2017), pp.16-30, 15 p.
Publisher
Larbi Ben M'hidi Oum el-Bouaghi University
Publication Date
2017-06-30
Country of Publication
Algeria
No. of Pages
15
Main Subjects
Topics
Abstract EN
The promotion of non-hydrocarbon investments remains the main occupation of the Algerian government.
The Algerian economy's dependence on hydrocarbons sector remains with 95% of export earnings, despite all the efforts and attempts token by the Algerian state.
Over the last few decades, several measures have been adopted to encourage entrepreneurship and boost investment, by lessening the constraints that face the entrepreneur, in particular, the access of finance.
To alleviate this problem, the Algerian government has created, in 20014, the Guarantee Fund for Loans to SMEs (FGAR).
It provides guarantees on loans to borrowers by covering a share of the default risk.
The aim of this paper is to evaluate the performance of this fund, as a guarantee provider, by analyzing its data and examining its effect on the level of the development of entrepreneurship in Algeria since its creation.
The main result is that this guarantee fund has a positive tangible impact on the development of entrepreneurship.
Though it has grown in terms of number, entrepreneurship still face various challenges and issues in both enterprise and environment levels that undermine their business conduct.
Therefore, much effort is needed in the future to promote and boost the entrepreneurship in order to benefit from all the advantages it gives.
American Psychological Association (APA)
Kadduri, Ammar& Bu Aziz, Nawal. 2017. The guarantee fund FGAR : as a public mechanism to promote entrepreneurship beyond the hydrocarbon sector. Journal of Finance and Corporate Governance،Vol. 1, no. 1, pp.16-30.
https://search.emarefa.net/detail/BIM-1088502
Modern Language Association (MLA)
Kadduri, Ammar& Bu Aziz, Nawal. The guarantee fund FGAR : as a public mechanism to promote entrepreneurship beyond the hydrocarbon sector. Journal of Finance and Corporate Governance Vol. 1, no. 1 (Jun. 2017), pp.16-30.
https://search.emarefa.net/detail/BIM-1088502
American Medical Association (AMA)
Kadduri, Ammar& Bu Aziz, Nawal. The guarantee fund FGAR : as a public mechanism to promote entrepreneurship beyond the hydrocarbon sector. Journal of Finance and Corporate Governance. 2017. Vol. 1, no. 1, pp.16-30.
https://search.emarefa.net/detail/BIM-1088502
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1088502