IIC Increases Export Capacity of Salvadoran SMEs

05/16/2012

Workshop ahead of FINPYME ExportPlus launch helps SMEs create business plans

San Salvador, El Salvador, May 16, 2012 — The Inter-American Investment Corporation (IIC) has held the first in a three-part series of training workshops aimed at increasing the strategic planning capacity of Salvadoran small and medium-sized enterprises (SMEs).

Participating companies were trained in business planning methodology, enabling them to create an export strategy with a view to accessing new markets. The workshop was held in collaboration with the Corporation of Exporters of El Salvador (COEXPORT).

“This training series adds great value to SMEs in El Salvador, as many of them lack a clear business strategy,” said Silvia Cuéllar, executive director of COEXPORT. “The business plan developed as part of the program will serve companies as a guideline for their own export strategy, while at the same time allowing them to explore new ideas and perspectives.”

Selected companies will improve their planning processes in a second and third training module later this year, helping them identify strategic goals and new business opportunities abroad.

The workshop is part of the IIC’s FINPYME ExportPlus program and comes ahead of the official launch of the program in El Salvador, scheduled for August this year. FINPYME ExportPlus provides training and technical support to SMEs in Latin America and the Caribbean, improving their export profile and increasing their competitiveness. El Salvador will be the tenth country covered by the program since its inception in 2009.

FINPYME ExportPlus workshops in El Salvador are supported by a trust fund established by the Italian Ministry of Foreign Affairs.

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 2011, the IIC reached US$1.48 billion in assets and approved 71 operations channeling US$464.7 million to SMEs in the region. For more information on the IIC’s activities, visit www.iic.org.

Contact: Jorge Roldán

Telephone: (202) 623-3948

Email: jorgero@iadb.org