Displaying items by tag: MSMEs

The Banco de Desarrollo de la República de El Salvador (BANDESAL), together with the Ministry of Finance, signed today a loan agreement with the OPEC Fund for International Development (OFID), for an amount of US$35 million, to be placed in credits through Micro, Pequeñas y Medianas Empresas (MIPYMES).

If you are one of the people who need a multidestination credit line, you can opt for the funds that Banco de Desarrollo de El Salvador (BANDESAL) offers to its clients, with the objective of supporting the financial resources of entrepreneurs of micro, small and medium enterprises (MSMEs).

In view of the announcement sent by the President of the Republic to the Consejo Nacional de Salarios Mínimo (CNS) to increase the minimum wage in El Salvador by 20% and this was approved, the increase should be effective as of august 1.

From august 16, a section will be enabled on the website of FIREMPRESA, in which employers of micro, small and medium enterprises (MSMEs) may register to obtain the subsidy for the minimum wage increase, which comes into effect next Sunday, this was announced by the head of the Banco de Desarrollo de El Salvador (BANDESAL), Juan Pablo Durán.

The minister of Finance, Alejandro Zelaya, mentioned, during a television interview in which the subject of the reform to the Law for the Creation of the Ley de Creación del Fideicomiso para la Recuperación Económica de las Empresas Salvadoreñas (FIREMPRESA), submitted yesterday to the Legislative Assembly, was discussed.

The Covid-19 pandemic has had a general impact on the region's economy, particularly on small and medium-sized enterprises (SMEs), which are finding it difficult to access financial resources.

As one of its first actions in the regional framework under the pro-tempore presidency, the "High-level SICA Forum for the economic reactivation of MSMEs" is being held, which seeks to rehabilitate Central American micro, small and medium-sized enterprises (MSMEs) through timely financial solutions, promotion of innovation and support for entrepreneurs.

The Central American Bank for Economic Integration (CABEI) has historically benefited approximately 1.2 million Central Americans with programs to support micro, small, and medium-sized enterprises (MSMEs).