The formal private sector in the MiddleEast and North Africa (MENA) economies needs to play acritical role for the overall economic transformation of theregion. Creating a conducive environment for private sectordevelopment depends on a sound understanding of theperformance of private firms, as well as the problems theyface. The European Bank for Reconstruction and Development(EBRD), the European Investment Bank (EIB) and the WorldBank (WB), have collaborated on a joint report –"What's Holding Back the Private Sector in MENA?Lessons from the Enterprise Survey". The reportaddresses four issues that are at the heart of privatesector development in the MENA region: the general businessenvironment; firm finance and financial constraints;employment in the private sector; and competitiveness, witha focus on trade, innovation and management practices. Itprovides an in depth analysis of these issues and discussesthe policy responses that are needed. The report is based onthe results of the MENA Enterprise Survey which was designedand financed jointly by the EBRD, the EIB and the WB, togain a better understanding of factors affecting firms'behavior, firm dynamics and growth prospects. The surveycovers some 6,000 firms in eight economies in the region andis a unique and rich source of information, now at thedisposal of economists, the business community and policy makers.