Panama backs micro-businesses in poor areas
Panama's small business authority, Ampyme, aims to award businesses seed capital of US$500 and US$1,000, and it plans to follow up on what recipients do with the money.
Wednesday, June 4, 2008
The aim is to help small entrepreneurs, especially among the poor and in slum areas. Ampyme has assigned US$1 million for the program.
International investors plan to build a US$1.5 billion "city on the sea" in the Panamanian province of Veracruz.
President Daniel Ortega's government told free-trade zone companies that it will promote investment in the sector, according to business sources.
Guatemalan Vice-President Rafael Espada flew out on a visit to Taiwan and Korea, promising to "think big" and shake off Guatemala's inferiority complex.
The Nicaraguan department of Chinandega, west of Managua, will have its first five-star hotel by the end of next year.
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