El Salvador: Training for Northern SMEs
Small and medium enterprises from the country's north will receive technical assistance, training and access to business information.
Friday, August 28, 2009
An agreement was signed between the Commerce Chamber and the company Chemonics International, to improve the productive processes of these companies in order to access new markets.
Over 50% of SMEs fail before they are three years old, 90% are no more than five years old and only 10% survive.
The Inter-American Development Bank (IDB) will give the funds to the Suppliers Development Program (PDP), which trains SMEs to make them more efficient.
In Costa Rica recommendations have been made for the creation of a Law for the Promotion of Competitiveness of SMEs including promoting Consortia for Exporting.
The U.S. Embassy in El Salvador and Guatemala will select 28 SMEs to participate in an exchange with U.S. companies.
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