$3.6 Million for Nicaraguan Tourism SMEs

Some 500 micro, small and medium enterprises from the tourism area will be trained on business management over the next three years.

Friday, July 17, 2009

The program is called Tourism Development in South West Nicaragua, and is funded by the Dutch government and the "Centro Empresarial Pellas" Foundation. 500 SMEs will be chosen to participate, among hotels, restaurants, food suppliers, tour operators and agricultural tourism.

"This project will engage in training programs focused in strengthening SMEs administration, developing the value chain and fostering promotion and marketing of the touristic destinations", published LaPrensa.com.ni.

More on this topic

$ 32 Million from WB for MSMEs in Guatemala

March 2011

The project will improve productivity of MSMEs in tourism and agribusiness.

For this, the World Bank will invest U.S. $ 32 million to strengthen their added value products, quality and integration to national and international markets.

"Micro, small and medium businesses generate most jobs in Guatemala, this project will help promote growth and increase their productivity," said Felipe Jaramillo, World Bank Director for Central America. "Promoting sustainable growth and productivity is one of the World Bank´s priorities for the Partnership Strategy with Guatemala," he added.

Nicaragua Announces $190 Million for SMEs

March 2010

The National Council for the Micro, Small and Medium Enterprise (CONAMIPYME) will centralize efforts to industrialize SMEs.

Commerce Minister Orlando Solórzano announced that $190 million from a program called PROMIPYME will be invested in technical assistance, to help SMEs add more value to their production.

More Support for Salvadoran SMEs

August 2009

The government's plans include increasing training programs and easing access to banking credit for SMEs.

The authorities will also work in regulating informal businesses, for them to be able to access SME benefits.

"... the benefits of formality, like registering their brands and inventions in the National Registry...; we will create one-stop processes to speed up paperwork on the different government entities involved in starting and operating a new company...", reported Elsalvador.com.

El Salvador: $4 Million in Centers for SMEs

June 2010

$4 million have been earmarked for the initial development of the so-called CDMYPES, or Centers for the development of Micro and Small Companies (SME).

The announcement was made by Mario Cerna, vice minister of Commerce and Industries, noting that these centers should be open by the end of 2010.

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