More Support for Salvadoran SMEs

The government's plans include increasing training programs and easing access to banking credit for SMEs.

Wednesday, August 19, 2009

The authorities will also work in regulating informal businesses, for them to be able to access SME benefits.

"... the benefits of formality, like registering their brands and inventions in the National Registry...; we will create one-stop processes to speed up paperwork on the different government entities involved in starting and operating a new company...", reported Elsalvador.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.

SME Law in El Salvador for 2011

November 2010

By year's end, the draft would be ready for submission to the National Assembly in early 2011.

The National Commission for Micro and Small Enterprises (CONAMYPE) went through the last stage of consultations for the proposed law for micro and small enterprises (SMEs).

During this phase, meetings have been held with trade associations, financial intermediaries and others, and is the latest step in presenting the bill to the Legislature later this year or early 2011. "We would expect a good reception by the Legislature so this law can become a reality by middle of next year, or before," said Ileana Rogel, Director of CONAMYPE to Laprensagrafica.com.

El Salvador: Guide to Improving Productivity of SMEs

July 2010

The new guide from the Japan's International Cooperation Agency (JICA) will help SMEs to increase their productivity.

There are seven challenges to improving the productivity of small and medium sized enterprises, according to the results of a 2-year study of Salvadoran SMEs.

El Salvador: $4 Million in Centers for SMEs

June 2010

$4 million have been earmarked for the initial development of the so-called CDMYPES, or Centers for the development of Micro and Small Companies (SME).

The announcement was made by Mario Cerna, vice minister of Commerce and Industries, noting that these centers should be open by the end of 2010.

 close (x)

Receive more news about Governmental Assistance

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Xpand Group

Xpand Group offers to its clients global support in exports. With its network, the company gives access to small and medium enterprises to new markets such as: North America, Central America & Europe
Operates in El Salvador, Costa Rica, Guatemala, Honduras, Nicaragua and Panama
Phone: (506) 2225-0435 - (506) 2524 2800

Company Profile

Stock Indexes

(Aug 30)
Dow Jones
-0.07%
S&P 500
0.14%
Nasdaq
0.38%

Commodities

(Oct 20)
Brent Crude Oil
57.59
Coffee "C"
129.00
Gold
1,279
Silver
17.015