Guarantees For SMEs Supplying the State
Costa Rica's "Banco Popular", in agreement with the Economy Ministry, will support small and medium enterprises for their participation in public purchases.
Friday, September 4, 2009
Many SMEs don't participate in public purchases because they don't have resources to pay for compliance assurances, remarked Eduardo Sibaja, economy vice minister.
The Mer-link system will guarantee the necessary participation and compliance in public bidding.
In Costa Rica there are 45 credit programs for SMEs, which in the first six months of 2012 placed $582 million, 66% of which were for the services and trade sectors.
Costa Rica Development Banking System will finance SMEs productive projects in up to $110.000.
In Costa Rica the state purchasing system Mer-link facilitates getting guarantees of participation and compliance which must be used to support offers by companies in state tenders.
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