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Commonwealth members and institutions have long accepted the role of the private
sector in fostering growth and the importance of entrepreneurs and SMEs. ICTs create
opportunities for individual entrepreneurs, thus contributing to the creation of
wealth and the alleviation of poverty across all segments of society. Restricted
access to credit and lack of access to practical advice and mentoring, however,
are continuing barriers that hamper entrepreneurship and SME development. Commonwealth
organisations with significant private sector participation could act as effective
vehicles for encouraging entrepreneurship and for fostering public-private development
partnerships for development. These organisations could provide a solid foundation
for specific Commonwealth-based entrepreneurship initiatives aimed at the innovative
use of ICTs to reduce poverty and promote community development. |
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