IIC to hold three workshops in Central America on how to break into the international market

05/15/2011

Funding for these SME-focused events comes from the Spanish government

Tegucigalpa, Honduras - On May 16, 2011, the Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) Group, launches its third round of three technical assistance workshops—one each in Honduras, Panama, and the Dominican Republic. The workshops are for owners, directors, and managers of small and medium-sized enterprises (SMEs) interested in gaining a foothold in the international market. The workshops are being conducted under the IIC’s FINPYME® program.

FINPYME is a technical assistance program funded by the Spanish General Cooperation Fund. It has its roots in the FINPYME methodology, a diagnostic tool for helping small and medium-sized enterprises boost their competitiveness and access potential sources of financing (www.iic.int/finpyme).

The purpose of this third round of workshops is to spotlight strategic opportunities for adopting good management practices and international standards and making use of financing and business intelligence, as well as to show how to develop an internationalization plan taking into account each country’s tariff barriers. Combined, these building blocks will help SMEs deliver products and services in the international market and compete with companies abroad.

According to Michael Apel, IIC Senior Trust Fund and Technical Assistance Officer, "SMEs in our region are beginning to see attractive opportunities for competing internationally as well as locally. Support from a donor like the Government of Spain has been vital for making sure that exporting SMEs have all the tools they need to enter the international market."

Local organizations providing support for the workshops are Honduras’s Asociación Nacional de Industriales (ANDI), the Sindicato de Industriales de Panamá (SIP), and the Asociación de Industrias de la República Dominicana (AIRD). Workshop dates and venues are:

  • Tegucigalpa, Honduras: May 16, 2011, at 9 a.m. at the Asociación Nacional de Industriales
  • Panama City, Panama: May 18, 2011, at 9 a.m. at the Sindicato de Industriales de Panamá
  • Santo Domingo, Dominican Republic: May 19, 2011, at 9 a.m. at the Asociación de Industrias de la República Dominicana
About the IIC

The IIC is a multilateral financial institution that is a member of the Inter-American Development Bank 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.int.

Contact: Susana Ortiz-Bernal

Telephone: (202) 623-3937

Email: susanao@iadb.org