The challenges facing Salvadoran small and medium companies
In 2009 they will have a huge challenge getting access to financing for long term investment.
Thursday, January 8, 2009
According to laprensagrafica.com, "Because of the low growth expectations for the country's economy and the slowness with which internal investments have been moving, it will make it harder to create adequate packages for small and medium businesses.
Within 30 days the government will open lines of credit for small and medium businesses.
Through a loan with BCIE, "Génesis Empresarial" foundation will expand its credit lines.
While governments spend fortunes on consultants to promote SMEs, the imbalance between their expenses and their income is the main threat to employers.
The Panamanian government is allocating this amount to the development of micro and small businesses involving 546,412 establishments on the national level.
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