UN General Assembly creates International Day for small, medium-sized enterprises

April 6th, 2017 – Recognizing the importance of micro-, small- and medium-sized enterprises in achieving the new global development goals, the United Nations General Assembly today designated 27 June as International Day for those actors.

In a resolution adopted without a vote, the 193-member body also invited all stakeholders, including Member States, UN entities and civil society organizations, to observe the Day and raise public awareness of their contribution to the 2030 Agenda for Sustainable Development, which the Assembly adopted in September 2015.

The resolution was introduced by the delegation of Argentina, with its representative stating that more than 95 per cent of enterprises in the world are micro-, small- and medium-sized and they account for about 60 per cent of private sector employment.

“These enterprises can in fact become the engines that sustain growth for long-term development in developing countries,” the representative said, thanking the contribution made by the International Council for Small Business (ICSB) to the creation of the Day.

ICSB held its 61st Annual World Conference here at United Nations last year, in which authorities from over 55 countries participated. In that occasion, ICSB made a declaration about the urgent need to have a day to recognize the important role of micro, small, and medium enterprises in the development of economies as a whole.

Written by Unido
A women sells at her cosmetics shop and general store in Pakistan’s Punjab province. Photo: Visual News Associates/World Bank


Related Post


How SMEs can find balance between...

July 8th, 2017 – Getting to the bottom of business information (BI) can be a difficult exercise, especially for SMEs, as their data is...


East Asia’s SMEs gearing up to...

July 8th, 2017 – Small and medium-sized enterprises (SMEs) have played a vital role in East Asia’s development. At first, they w...


The HLPF 2017 opens today to...

NEW YORK – July 10th, 2017 – The High-level Political Forum (HLPF) 2017 is kicking off today in New York under the theme “Erad...