[{"bbox": [93, 154, 253, 177], "category": "Section-header", "text": "**Lessons Learnt:**"}, {"bbox": [93, 199, 1162, 254], "category": "Text", "text": "Following lessons from other projects and programmes have been taken into account during the proposed programme's planning and design:"}, {"bbox": [93, 272, 1162, 386], "category": "Text", "text": "The green transition (including renewable energy, energy and resource efficiency and circularity) of businesses in Pakistan can only be achieved through an interplay of different measures, with **access to green finance being the most important issue** that needs to be addressed. This is one of the key lessons from the *Resource and Energy Efficient Technologies in the Sugar Sector (IREET)* Project implemented between 2018-2022."}, {"bbox": [93, 404, 730, 431], "category": "Text", "text": "The challenges with green financing of SMEs can be further detailed:"}, {"bbox": [129, 451, 1162, 531], "category": "Text", "text": "The environment of textile and leather SMEs is not conducive, with **coordination gaps between government, financial institutions and intermediaries**. Support for coordination among stakeholders and capacity building of actors have been identified as suitable approaches to address the gap."}, {"bbox": [129, 533, 1162, 609], "category": "Text", "text": "A **pipeline of bankable green investment projects is missing** as SMEs lack tailored business advisory and financing required to develop capacities do identify and invest in sustainable consumption and production measures."}, {"bbox": [129, 614, 1162, 667], "category": "Text", "text": "**Green finance products for textile/leather SMEs are missing** as there is limited green business facilitation and integration of environmental risk management in banks' core activities."}, {"bbox": [93, 694, 1162, 778], "category": "Text", "text": "These lessons have been derived from the *International Labour and Environmental Standards (ILES) Application in Pakistan's SMEs, Growth for Rural Advancement and Sustainable progress Pakistan and Accelerate Prosperity Asia Projects*."}, {"bbox": [93, 796, 1143, 880], "category": "Text", "text": "The planned Action is including these learnings in its multi-level approach, which is targeting the coordination gap through PPD (SO1 and SO3), works on access to green finance for SMEs (SO2) and supports the development of bankable projects (SO3)."}, {"bbox": [93, 898, 1121, 983], "category": "Text", "text": "**Dialogue and exchange in a multi-stakeholder approach** has been identified by BetterWork – a collaboration between the United Nations’ International Labour Organisation (ILO) and the International Finance Corporation (IFC) – as the basis for tackling multi-dimensional issues in the targeted industries."}, {"bbox": [93, 1001, 1130, 1114], "category": "Text", "text": "This learning has been strongly considered in the planning of action that is foreseeing the implementation of PPD forums on national level and local level (SO3) under engagement of public and private sector, academia, research and financial institutions. Thus, information and communication gaps shall be bridged and expertise and decision power of different stakeholders combined."}, {"bbox": [86, 1147, 398, 1177], "category": "Section-header", "text": "## 3.5 The Intervention Logic"}, {"bbox": [96, 1194, 1160, 1336], "category": "Text", "text": "The underlying intervention logic for this action is that by improvement of the legislative framework for sustainable SME development, technical assistance and support with access to finance for export-oriented SMEs and domestic service providers and by facilitating green investments in the sustainable development of the industrial sector the competitiveness and business environment of Pakistan's private sector, creating green and inclusive growth and sustainable decent jobs (Impact) will be improved."}, {"bbox": [96, 1353, 1160, 1609], "category": "Text", "text": "The improvement of quality, implementation and enforcement of the legislative framework for sustainable SME development shall be supported through strengthening of capacities of federal and provincial institutions to design, review and implement respective policies and regulations in compliance with international agreements and environmental standards. Through capacity development, sharing of knowledge, expertise and international best practices, guidance and implementation support to key stakeholders from federal and provincial level will be enabled to improve the quality of the legislative framework and to steer its implementation and enforcement for a conducive environment for sustainable development of SMEs and in compliance with international agreements and standards. Given that key actors remain interested to receive support in the outlined areas and committed to apply the gained knowledge and support, this will lead to a more conducive legal framework for sustainable SME development."}, {"bbox": [1028, 1682, 1143, 1706], "category": "Page-footer", "text": "Page 17 of 31"}]