Micro, Small and Medium Enterprises Day is celebrated on June 27 to recognize the importance of small businesses in the Sustainable Development Goals and the need to facilitate access to credit and finance.
The proposal was submitted by Argentina with the support of 54 member states and was approved by acclamation on April 6, 2017 at the UN General Assembly.
According to data from the International Council for Small Business, this type of business represents more than 90 % of all enterprises, generates between 60 and 70 % of employment and is responsible for 50 % of the Gross Domestic Product (GDP) worldwide. Hence their importance. They are a key factor in reducing poverty and promoting development in the world.
In 2023, the UN highlights the following theme for the celebration of Micro, Small and Medium Enterprises Day: “Fostering MSMEs by supporting women and youth entrepreneurship and resilient supply chains”.
With the implementation of Decree-Law No. 46/2021.- On Micro, Small and Medium Enterprises, the way was opened in #Cuba for the promotion of what is still known today as part of the new forms of economic management. MSMEs, despite the obstacles that still persist to achieve their full development and synchronization with the economic framework of the country, are gaining great prominence in Cuba’s economic and social development.
