El Salvador: $ 1.4 Million for Aquaculture SMEs

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

Monday, December 6, 2010

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.

"The $ 1.4 million will be injected through assessments of the sector, training, application of technology, conduction of market research, business plans, technical assistance and business consultancy among others. The idea is that five years from now we have increased aquaculture production and tourism in the region," said Carlos Rodriguez, an IDB expert according to the article in Laprensagrafica.com.

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In an attempt to reduce costs and improve the use of resources devoted to the subject, a bill proposes integrating into a single institution the organizations dedicated to promoting entrepreneurship.

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$ 32 Million from WB for MSMEs in Guatemala

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

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