Displaying items by tag: MSMEs

Today, the minister of Finance, Alejandro Zelaya, together with the president of the Banco de Desarrollo de El Salvador (BANDESAL), Moisés Cabrera, and the representative of the Inter-American Development Bank (IDB) in El Salvador, Cesar Falconi, signed a sovereign guarantee contract for the Access to Credit Program for Micro, Small and Medium Enterprises (MSMEs).

As part of its path to become a Net Positive bank and generate triple positive value for Central America, BAC is promoting the strengthening of MSMEs with financial solutions tailored to their needs, and complementary non-financial solutions (technical and comprehensive support, training, etc.).

The Banco Interamericano de Desarrollo (IDB) approved a $100 million loan for El Salvador to support the growth of micro, small, and medium-sized enterprises (MSMEs).

The Comisión Nacional de la Micro y Pequeña Empresa (CONAMYPE), informed that 20 Micro and Small Enterprises, from different areas participated in the meeting Supply and Demand 2022, developed by the institution and the Single Public Adquisiciones y Contrataciones de la Administración Pública (LACAP).

Micro, small and medium enterprises (MSMEs) are responsible for most of the jobs and the economy in the world, as well as an alternative for personal, professional or social growth.

The deputies of the Financial Commission received the President of the Banco Central de Reserva (BCR), Douglas Rodriguez, in order to obtain inputs for the creation of the new Special Law for the Establishment of Maximum Fee Commissions for Point of Sale Terminals (POS).

99% of the almost 1.6 million companies operating in the region are MSMEs; 83% are micro and 16% are small and medium-sized enterprises. This important sector represents more than 65% of the economically active population, and this is the main source of employment generation in the region, according to the Economic Impact of the COVID-19 pandemic on MSMEs in Central America report by the Centro Regional de Promoción de la MIPYME (CENPROMYPE).

The Central American Bank for Economic Integration (CABEI) approved a US$60 million line of credit to Banco CUSCATLAN to support the economic reactivation of Micro, Small and Medium-Sized Enterprises (MSMEs) and promote the competitiveness of the business sector.

A new disbursement of US$100.9 million from the Program to Support Economic Recovery Measures Implemented to Benefit Businesses and Employment Affected by COVID-19 was made by the Central American Bank for Economic Integration (CABEI) to support 78,781 micro, small and medium-sized enterprises (MSMEs) affected by the pandemic.

Today the Banco de Desarrollo de El Salvador (BANDESAL), launched the " Primer Programa de Acceso a Créditos " for the recovery of MSMEs, for an amount of US$200 million granted by the Inter-American Development Bank (IDB), which seeks to support sustainability.