$5 million for promoting businesses in Panama

The purpose of the "Support for Dynamic Entrepreneurship" project is to promote companies with the potential for growth and internationalization.

Thursday, January 15, 2009

Laestrella.com.pa reports on its website: "Acelerador de Empresas, which is a part of the "City of Knowledge" Foundation, signed an agreement for the "Support for Dynamic Entrepreneurship" project with the IDB, via the Multilateral Investment Fund. The investment for the project is $5 million for three years.

Initiatives by qualifying companies should have to potential for rapid growth, internationalization of the product, investment contact network, etc.

More on this topic

IDB Positive on Nicaragua

May 2011

The improvement in competitiveness and support of the private sector are some of the positive elements being noticed by the entity.

The improvements observed by the Interamerican Development Bank (BID is Spanish) in the country have led to an increase of funding granted to private sector projects, exceeding the average amount given to other countries in the region.

Honduras: $27 Million for Agriculture Projects

January 2010

The Inter-American Development Bank (IDB) will loan $27 million to a program fostering rural business.

The funds are earmarked for the departments of Olancho, El Paraíso, Colón and Gracias a Dios, and intended to fund projects by small producers. It is part of the National Program for Sustainable Rural Development (Pronaders).

IDB Includes Multibank Panama in TFFP Program

April 2009

Multibank has become the third bank to join the Panamanian Facilitation of Foreign Trade Financing Program (TFFP).

Through TFFP, the IDB offers guarantees to cover letters of credit, promissory notes, bid bonds, performance bonds, advance payment bonds and other instruments used in International Trade transactions.

IDB earmarks US$3.7 billion in loans for private sector

June 2008

The Inter-American Development Bank (IDB) aims issue US$3.7 billion in loans to the private sector next year, said Steven J. Puig, the bank's vice president for private-sector lending.

Puig added that the IDB also hopes to increase its presence in Central America and the Caribbean. Two new officials are being hired in El Salvador to handle lending to major companies and small businesses respectively.

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Caribbean Central American Action

Caribbean-Central American Action (CCAA) is a private, independent organization that promotes private sector-led economic development in the Caribbean Basin and throughout the Hemisphere.
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