$5 million for promoting businesses in Panama
The purpose of the "Support for Dynamic Entrepreneurship" project is to promote companies with the potential for growth and internationalization.
Thursday, January 15, 2009
Laestrella.com.pa reports on its website: "Acelerador de Empresas, which is a part of the "City of Knowledge" Foundation, signed an agreement for the "Support for Dynamic Entrepreneurship" project with the IDB, via the Multilateral Investment Fund. The investment for the project is $5 million for three years.
The improvement in competitiveness and support of the private sector are some of the positive elements being noticed by the entity.
The Inter-American Development Bank (IDB) will loan $27 million to a program fostering rural business.
The Inter-American Development Bank (IDB) aims issue US$3.7 billion in loans to the private sector next year, said Steven J. Puig, the bank's vice president for private-sector lending.
Multibank has become the third bank to join the Panamanian Facilitation of Foreign Trade Financing Program (TFFP).
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