“Boosting Social Entrepreneurship and Social Enterprise Development in Lithuania” – a Brief of Policy Review by OECD
Aug 09, 2019

“Boosting Social Entrepreneurship and Social Enterprise Development in Lithuania” – a Brief of Policy Review by OECD

As social entrepreneurship in Lithuania is getting more popular and recognized by society, it is worth presenting an in-depth policy review by the OECD.

First of all, OECDOrganisation for Economic Co-operation and Development – is an intergovernmental economic organization with 36 member countries. OECD’s essential goal is to stimulate economic progress and world trade.

According to the Wikipedia description, “It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices and coordinate domestic and international policies of its members.”

As it is stated in the document, this review provides “an in-depth analysis of the Lithuanian policy ecosystem in place for social entrepreneurship and social enterprises. It identifies the country’s key strengths and challenges and provides policy recommendations to support the development of a stronger policy ecosystem for social entrepreneurship and social enterprises. Key policy issues analysed include: raising awareness and clarifying the conceptual framework (Chapter 2); coordinating policy and legal frameworks (Chapter 3); enhancing the role of social enterprises in public procurement (Chapter 4); promoting social impact measurement and reporting (Chapter 5); and improving their access to finance (Chapter 6).“

The following points are the key policy issues and recommendations detailed in the OECD’s review:

  •      Raising awareness and clarifying the conceptual framework
  •      Coordinating policy and legal frameworks
  •      Enhancing the role of social enterprises in public procurement
  •      Promoting social impact measurement and reporting
  •      Improving access to finance for social enterprise development

In addition, an action plan is provided in the review, which includes possible actions for Ministry of Interior, Ministry of Social Security and Labour, Ministry of Economy and Innovation, Inter-ministerial Office, Ministry of Agriculture, Ministry of Finance and Enterprise Lithuania.

References:

OECD/EU (2019), “Boosting Social Entrepreneurship and Social Enterprise Development in Lithuania, In-depth Policy Review”, OECD LEED Working Papers, 2019, OECD Publishing, Paris

http://www.socialenterprisebsr.net/wp-content/uploads/2019/08/3April_main.pdf?fbclid=IwAR3kEx_tk9mRPi-Xx7DFiL33XEEk7MRu18e5rYCkGx3Y4i9YTST6oqvbr10

https://en.wikipedia.org/wiki/OECD

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