More Resources for Salvadoran MSMEs

Government officials announced a $ 4 million fund to strengthen performance of MSMEs.

Wednesday, January 19, 2011

Mario Cerna, Vice Minister of Commerce and Industry told the media: "It is a state investment in micro, small and medium businesses looking to become more efficient, that is to reduce costs and produce more, but also implement technology in their production processes, including helping them to innovate their products."

The funds for 2011 will double the ones invested in 2010.



More on this topic

El Salvador: $20 million for Energy efficiency

July 2018

The Inter-American Development Bank has granted a loan that will be used to finance energy efficiency projects for small and medium-sized companies.

The funds for this loan come from the Green Climate Fund (GCF) and will be executed by the Development Bank of El Salvador (BANDESAL).  The objective of the financing granted is to support the efforts being made by SMEs in El Salvador to reduce electricity consumption and limit greenhouse gas emissions, reported the Inter-American Development Bank (IDB). 

Costa Rica: Promotion of SMEs centralized

December 2015

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.

The aim of the bill is for the current bodies DIGEPYME, INAPYME, PRONAMYPE, FODEMIPYME, PROPYME and CONICIT to be integrated into a single entity and a with single fund to maximize resources, reduce paperwork and costs.

Financing for MSMEs in Costa Rica

July 2013

The Bank of Costa Rica and the Foreign Trade Promotion Office are to launch a credit program for exports.

"Funding is one of the main barriers to the development of the national export sector, preventing our companies from realising their true potential. This program will directly benefit over 2,000 exporting companies from all over the country," said Mario Rivera, general manager of the BCR.

Atlántida Bank to Help Honduran MSMEs

November 2011

The International Finance Corporation (IFC) has signed an agreement with the bank to develop its portfolio of products for small and micro enterprises.

According to a press release from the IFC, the initiative will help create jobs and promote economic growth in Honduras.