Nicaragua: Public-Private Partnership for Attention to SMEs

Employers have proposed creating an institute for development representing the private sector and under the Presidency of the Republic in order to serve the needs of the sector.

Thursday, June 19, 2014

The government is to make a diagnosis of the activities in the sector in order to review and amend the Law on Promotion, Creation and Development of Small and Medium Enterprises and adjust it to the needs of women, who claim there is a legal gap in the attention they receive from the state.

The vice president of the Nicaraguan Council of Small & Medium Enterprises, Leonardo Torres said in an article on Laprensa.com.ni that "... a development institute representing the private sector and under the Presidency would be the right body to attend to the indicated sector and the results of the diagnosis, which has been worked by a commission headed by presidential adviser Bayardo Arce Economic Affairs since May, will be taken into account in the tax reform that will soon be approved."

The manager of the Center for Export and Investment (CEI), Roberto Brenes, believes that in addition to the regulations, "... other needs that must be met to ensure the competitiveness and access of MSMEs to markets are the access routes for moving production and the specific problems of each sector which vary from region to region because of their location. "



More on this topic

$ 45 Million for Regional SMEs

October 2010

The Overseas Private Investment Corporation (OPIC) approved funding to Lafise Bank in order to support small and medium enterprises (SMEs) in the region.

With better access to long-term credit, small-scale farmers, manufacturers and owners of retail businesses will be able to grow faster and in turn support their local economies.

Honduran SMEs Request Incentives

September 2010

Micro, small and medium sized enterprises have asked the government to create financing incentives.

The proposal seeks to develop the sector and ensure growth in the micro enterprise sector next year.

José Enrique Núñez, president of the Honduran SME Association (Anmpih in Spanish), told Laprensa.hn that, "the proposal will incentivize the opening of the new market and generate an increase in companies' production, thereby creating jobs for many people".

$5 Million for Honduran SMEs

March 2010

Honduran Micro, Small and Medium Enterprises will be entitled to easy loans for importing machinery and technology, to improve their production.

The funds, granted by the Government of Taiwan, are already deposited in a bank in Honduras, explained Jhon Lai, Taiwanese Ambassador in Honduras.

IDB loan to help BBVA Panama boost lending for small businesses

November 2009

The Inter-American Development Bank approved a $15 million loan to provide Banco Bilbao Vizcaya Argentaria (Panama), S.A. (BBVAP) with long-term funding to support its lending to small and medium-sized enterprises.

Additionally, the IDB helped catalyze a parallel US$25 million loan from the German development lender Deutsche Investitions und Entwicklungsgesellschaft mbH (DEG) to BBVAP, a unit of the Spanish Grupo BBVA.

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