The European Union, together with the Central American Bank for Economic Integration (CABEI) and the German Financial Cooperation through KfW, launched the program to facilitate financing for micro, small and medium-sized enterprises (MSMEs), through the National Commission for Micro and Small Enterprises (CONAMYPE), for the enterprises affected by Covid-19.
More than 800,000 formal jobs depend on micro and small businesses, a productive sector that is in the red due to the closure of operations to contain the Covid 19, that forced them to stop their economic activities during the last three months.
The Legislative Assembly approved with 53 votes the reform to the Law of the Financial System for the Promotion of Development, today the Law of the Development Bank of the Republic of El Salvador (BANDESAL).
Congresswoman details the financing granted to the Executive to alleviate the crisis by the Covid-19Written by Ileana Calderón
According to Congresswoman Cristina Cornejo, resources are available to address the national emergency caused by the COVID-19 pandemic.
The Republic of China, Taiwan reaffirmed its support to the regional agenda of MSMEs executed by CENPROMYPE, to promote the articulation of regional actions that contribute to the development of the sector, which is why the asian nation signed the first disbursement to support the implementation of the MSMEs REGIONAL AGENDA.