6. Recommends that, when a country decides to carry out a privatisation, the Commission should advise that it be done if possible by substantially involving domestic investors and that it should devote particular attention to ‘small’ decentralised solutions which are worked out by developing countries and whose beneficiaries are small and medium-sized undertakings (SMUs) and micro-enterprises, which play an essential part in the economic development of developing countries, create many of the jobs and generate a substantial proportion of national income, whereas ‘large-scale’ solutions which seek to bring about take-overs of State-owned enterprises by multinational corporations and groups often have adverse side-effects; and to give specia ...[+++]l attention also to the possible role of European small- and medium-sized enterprises (SMEs) in all aspects of cooperation programmes; believes that European SMEs possess specialised knowledge and experience relevant to these programmes, but are often left out due to lack of knowledge about programme participation possibilities and lack of visibility to third country partners; recommends that appropriations are provided for the provision of advisory services and training for small and medium-sized enterprises in the countries of Latin America and Asia by older volunteer experts from the European Union who come under the ESSN (European Senior Services Network);

C. whereas all Institutions, advisory bodies and Specialised Agencies should be equally concerned at providing an efficient and beneficial service, in essence - value for money,

The co-financed measures include improving know-how and encouraging innovation through advisory services, specialised technical input and cooperation schemes; vocational training; rehabilitation of land and buildings; and improving access to venture capital and loans.