EBN represented by Clarelisa Camilleri, EBN project manager, participated in the fourth edition of the World Forum of Local Economic Development (World LED Forum) that took place from October 17 to 20 in Praia, the Cabo Verdean capital, to present EU|BICs as very suscessful instruments to contribute to local economic growth.
Over 2,000 participants, among them the highest officials of the Cabo Verdean Government, the United Nations and its Agencies and dozens of Mayors, Presidents of Regions and Ministers from all the continents attended the event brainstorming around the vision of the future local development.
EBN and World LED Forum's session: “How to involve Small and medium Enterprises for localising the Sustainable Development Goals?
As EU|BICs have been successful in contributing to local economy of their region, EBN has been invited to explain how EU|BIC model helps in nurturing entrepreneurship and contributing to the local economy by localising sustainable development goals (SDGs).
Localising sustainable development goals (SDGs) refers to taking into account subnational contexts in the achievement of the 2030 SDG Agenda, from the setting of goals and targets, to determining the means of implementation and using indicators to measure and monitor progress.
EBN was invited to a panel session with Leon Thomas, Mayor of Municipality of Portmore in Saint Lucia, and Ilcheong Yi, coming from United Nations research Institute for Social Development.
Mr. Yi emphasised that structures generating inequality and poverty need to be changed to ensure no one is left behind, while Mr. Thomas presented the municipalities’ concerns with agriculture in their island, and the need for tools to localise the SDGs, such as entrepreneurship.
Clarelisa Camilleri emphasised that the EU|BIC model can be used as a way to localise SDGs, as it involves the alignment of local, public and private actors in a same territory to support individuals in turning ideas into an economic opportunities.
The conclusion of the session was that there is a need to align government actors and other local stakeholders to allow the creation of a sustainable and dynamic entrepreneurship ecosystem, able to support entrepreneurs and help them scale up their businesses.
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