The "Excutives and Businessmen Advisor" Program in Panama

Entrepreneurs and corporate executives will each devote eight hours a year to assisting micro, small and medium enterprises.

Friday, June 28, 2013

"'Entrepreneurs and executives creating an economic impact on MSMEs' is part of the program by Empretec at the United Nations Conference on Trade and Development (UNCTAD)," reports

Lourdes Navarro, director of the Empretec Center for Entrepreneurship Development in Panama, explained that the goal is to impact MSMEs so that economic empowerment in the country is sustainable by organizing executives and entrepreneurs who have studied abroad often, to volunteer and transfer that information to those creating jobs in the country.

"It's like a relay race in which several executives and entrepreneurs will impact on an MSME with everything they need to start or develop for a year. The executive or entrepreneur will make a simple report at the end indicating what else the MSME needs in order to strengthen itself, to then pass on to another advisor employer with the standards used in the final report," said Navarro, adding that in two months they wish to have the greatest number of volunteers in order to launch the first pilot.

Meanwhile, Alberto Bolana, a partner at PkT Panama, which is dedicated to technology services for fashion shops, said it is an excellent idea, it is important to help others to grow.

More on this topic

$10.5 million for Costa Rican SMEs

October 2011

The BCIE has granted a credit line to Cathay Bank to support MSME’s, as well as international trade and housing in Costa Rica.

A press release by the Central American Bank for Economic Integration (BCIE) reads:

The Central American Bank for Economic Integration (BCIE) has granted a loan to Banco Cathay allowing it to expand its global credit line to $10.5 million in order to support Micro, Small and Medium Enterprises (MSMEs) as well as international trade and housing Costa Rica.

Nicaragua Announces $190 Million for SMEs

March 2010

The National Council for the Micro, Small and Medium Enterprise (CONAMIPYME) will centralize efforts to industrialize SMEs.

Commerce Minister Orlando Solórzano announced that $190 million from a program called PROMIPYME will be invested in technical assistance, to help SMEs add more value to their production.

$1.9 Million from IDB for Guatemalan MSMEs

November 2009

500 micro, small and medium companies will be trained through a competitiveness program in the country's southwest.

Businessmen from the departments included in the program (Quetzaltenango, Sololá, San Marcos, Totonicapán, Retalhuleu y Suchitepéquez) will be trained in agribusiness, agriculture, education, craftsmanship and services.

Investment Opportunities for Salvadoran MSMEs

May 2009

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

The funds will finance MSMEs interested in developing projects that generate employment in various areas such as agriculture, catering and handicrafts.

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