$1.9 Million from IDB for Guatemalan MSMEs

500 micro, small and medium companies will be trained through a competitiveness program in the country's southwest.

Tuesday, November 3, 2009

Businessmen from the departments included in the program (Quetzaltenango, Sololá, San Marcos, Totonicapán, Retalhuleu y Suchitepéquez) will be trained in agribusiness, agriculture, education, craftsmanship and services.

"The Inter American Development Bank (IDB), Italy's Cooperation Agency and the National Network of Manager Groups, yesterday signed an agreement fostering competitiveness in Quetzaltenango, Sololá, San Marcos, Totonicapán, Retalhuleu y Suchitepéquez", reported Prensalibre.com.

More on this topic

$ 32 Million from WB for MSMEs in Guatemala

March 2011

The project will improve productivity of MSMEs in tourism and agribusiness.

For this, the World Bank will invest U.S. $ 32 million to strengthen their added value products, quality and integration to national and international markets.

"Micro, small and medium businesses generate most jobs in Guatemala, this project will help promote growth and increase their productivity," said Felipe Jaramillo, World Bank Director for Central America. "Promoting sustainable growth and productivity is one of the World Bank´s priorities for the Partnership Strategy with Guatemala," he added.

El Salvador: $ 1.4 Million for Aquaculture SMEs

December 2010

The program will benefit 30 organizations and seeks to raise levels of competitiveness in Small and Medium Enterprises.

The pilot project is funded by the Inter-American Development Bank (IDB) and the Italian Cooperation, will last three years and benefit associations belonging to the central area of the country.

IDB to help Guatemala develop, expand competitive businesses

September 2009

The Inter-American Development Bank (IDB) will support several programs to improve the competitiveness of companies in Guatemala, a move that will help boost economic growth.

In a meeting today, the board of the IDB approved a proposal that will allow Guatemala to use a $29 million loan from the Bank to start up a program for the development of firms, particularly micro, small and medium enterprises, and production chains in the country, based on a scheme that promotes public-private partnerships. The program will offer a series of business development services to boost productivity and competitiveness in productive sectors that are potentially world class and territorial leaders.

Investment Opportunities for Salvadoran MSMEs

May 2009

Through the Millennium Challenge Corporation (MCC), $85 million have been allocated to promote investment in northern El Salvador.

The funds will finance MSMEs interested in developing projects that generate employment in various areas such as agriculture, catering and handicrafts.

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