IIC’s, partnering with Guyana’s Institute of Private Enterprise Development, holds two-day FINPYME ExportPlus workshop on trade logistics

10/16/2011

Georgetown, Guyana - On October 3 and 4, 2011, the Inter-American Investment Corporation (IIC) held its second FINPYME ExportPlus workshop, in collaboration with the Institute of Private Enterprise Development (IPED).

FINPYME ExportPlus’ objective is to enhance the ability of small and medium-sized enterprises (SMEs) to access export markets to help them improve their competitiveness and to facilitate their access to potential sources of financing. This technical assistance program is financed by the Korea-IIC SME Development Trust Fund.

This two-day workshop focused on trade logistics, particularly on packaging and shipping, to help SMEs be able to export more effectively. An international expert on trade logistics facilitated the workshop focusing on practical activities related with documentation, insurance, payments, packaging, and labeling. FINPYME ExportPlus was launched in Guyana in December 2010 and the IIC, in collaboration with its local partners, selected the topics relevant to local SMEs.

FINPYME ExportPlus was first launched as a pilot project in Guatemala in 2009, and since then has expanded to Guyana, Barbados, The Bahamas, and Suriname.

About the IIC

The IIC is a multilateral financial institution that is a member of the Inter-American Development Bank (IDB) Group. The IIC’s mission is to promote the economic development of its regional member countries by encouraging the establishment, expansion, and modernization of private enterprises, particularly those that are small and medium in size. It does so by providing financing (in the form of equity investments, loans, guarantees, and other instruments) and advisory services to private enterprises in Latin America and the Caribbean. In 2010, the IIC reached US$1.4 billion in assets and approved forty-nine operations, channeling US$374.8 million to SMEs in the region. For more information on the IIC’s activities, please visit www.iic.org

Contact: Narae Lee

Telephone: (202) 623-3893

Email: narael@iadb.org