IIC Export Program Opens New Markets for Paraguayan SMEs

12/11/2013

IIC launches its FINPYME ExportPlus program in Paraguay, an initiative that has helped more than 2,200 SMEs across the region raise their export profile

Asunción, Paraguay, December 11, 2013 — Paraguayan small and medium-sized enterprises (SMEs) have gained access to a broad range of free technical assistance services that will help them sell their products abroad following today’s launch in Paraguay of FINPYME ExportPlus, the flagship program of the Inter-American Investment Corporation (IIC).

The inaugural event, presided by Gustavo Leite, Paraguayan Minister of Industry and Commerce, and Luis Alberto Moreno, president of the Inter-American Development Bank (IDB), kicked off a series of training and advisory services that has already benefitted more than 2,200 SMEs in 14 countries across Latin America and the Caribbean.

“This is a truly great opportunity for Paraguayan entrepreneurs,” noted Carl Muñana, general manager of the IIC. “SMEs are the cornerstone of the Paraguayan economy. Our FINPYME ExportPlus program was designed with their specific needs in mind and builds on a tried and true formula to help companies unleash their potential and tap into new markets around the globe.”

Eduardo Felippo, president of the Unión Industrial Paraguaya, the IIC’s local partner in Paraguay, added: “The launch of FINPYME ExportPlus in Paraguay is important not only in terms of what it can do for Paraguayan SMEs, but also because of its propitious timing. Now is precisely the time Paraguayan industry needs greater support and external collaboration, as the industry is facing a situation of macroeconomic competitiveness—and we need new tools to help develop the industry’s export potential to the fullest.”

FINPYME ExportPlus builds on the World Trade Organization’s Aid for Trade initiative and helps SMEs access new markets and become more competitive abroad through advisory services and training in the areas of certification, operational processes, and process management. Participating companies receive a set of practical tools and solutions which they can put to use right away in their daily business dealings. The program is part of the IIC’s commitment to providing value-added services to the private sector in the region.

Preliminary results from an impact study conducted in Guatemala—the first country where FINPYME ExportPlus was launched back in 2009—indicate that 86% of participating SMEs implemented the measures recommended by the program. Around half of these companies were able to boost their exports and gain access to new markets.

Participation in the FINPYME ExportPlus program is offered free of charge thanks to financial support from the Republic of Korea, a key IIC donor.

About the IIC

The IIC, a member of the Inter-American Development Bank (IDB) Group, promotes private-sector development in Latin America and the Caribbean with a focus on small and medium-sized enterprises. We help companies streamline management processes and provide them with financing in the form of equity investments, loans, and guarantees, as well as innovative technical assistance, advisory services, and knowledge products. In 2012, the IIC approved more than 70 operations totaling some US$400 million. Since its inception in 1989, the IIC has approved approximately 800 direct loans to SMEs and financial intermediaries, for a total of US$4.8 billion. An additional US$2.8 billion has been mobilized through cofinancing and syndication agreements. For more information on IIC activities, visit www.iic.org
 

Contact: Jorge Roldán

Telephone: +1 (202) 623-3948

Email: jorgero@iadb.org