SME Law in El Salvador for 2011

By year's end, the draft would be ready for submission to the National Assembly in early 2011.

Wednesday, November 3, 2010

The National Commission for Micro and Small Enterprises (CONAMYPE) went through the last stage of consultations for the proposed law for micro and small enterprises (SMEs).

During this phase, meetings have been held with trade associations, financial intermediaries and others, and is the latest step in presenting the bill to the Legislature later this year or early 2011. "We would expect a good reception by the Legislature so this law can become a reality by middle of next year, or before," said Ileana Rogel, Director of CONAMYPE to Laprensagrafica.com.

More on this topic

El Salvador: MSEs to Be Included in Public Procurement

April 2011

Proposed reforms to the country's Acquisitions and Contracts law, combined with a $1.4 million investment, would enable MSEs to bid for government contracts.

If the bill is approved by congress, the government procurement, acquisitions and contracts law (known as Lacap in Spanish) MSEs would obtain 12% of state purchases.

Walmart looking for Salvadoran SMEs

March 2011

The multinational chain held a business conference as part of its program “A Hand to Grow”.

SMEs interested in becoming providers for the retailer have until April 15 to apply. Those who meet the requirements may participate in the round of negotiations scheduled for May 18.

El Salvador Analyzes Brazilian Public Purchasing Model

August 2010

The National Commission for Micro and Small Enterprises (CONAMYPE in Spanish) is evaluating the Brazilian model for inviting tenders from MSEs.

Mario Cerna, El Salvador's vice-minister for commerce, stated that this was one of the main objectives of his recent visit to Brazil.

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.

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