IIC launches FINPYME ExportPlus in Costa Rica: Practical Tools for Building Export Competitiveness

09/28/2011

San José, Costa Rica- On September 28, 2011, the Inter-American Investment Corporation (IIC), launched its FINPYME ExportPlus program. The event was attended by representatives of over sixty Costa Rican small and medium-sized enterprises (SMEs) and many distinguished public and private sector organizations. The Minister of Foreign Trade, Anabel González, offered welcoming remarks and addressed the participants, as did the Ambassador of the Republic of Korea in Costa Rica, Taemyon Kwon. Fernando Quevedo, the IDB Representative in Costa Rica, gave the closing remarks.

FINPYME ExportPlus is based on the World Trade Organization’s Aid-for-Trade Initiative, which seeks to help SMEs become more competitive abroad. A series of workshops providing technical assistance will follow the launch later in the year. The first workshop, "Managing Export Finance: How to Manage your Company’s Finances Effectively," will be held on November 9.The IIC’s local partner, the Costa Rican Chamber of Exporters (CADEXCO), will be accepting registration applications through October 21, via email (finpyme@cadexco.net) and fax (506) 2225 7270).

For Marco García,of Káska, an organic foods company, this program is ideal in that it takes stock of the needs of virtually any SME with export ambitions: "FINPYME provides the tools needed for rapid and effective development as well as support capital, which is just what we small and medium-sized enterprises need." Conrad White, Director of Natural Seed, emphasized the program’s significance for companies like his that want to increase the efficiency of their operations, noting: "FINPYME is really revolutionary in terms of helping growing companies with certification, paperwork, and advice on administrative matters." Yenory Cordero, of Marroquinería Yenory, a small leather goods company, expressed how important it was for her to know "that there are still people out there looking out for us; who are concerned about the needs of those of us who want to prosper and grow, especially when it comes to administrative concerns, which have always been a weak point for SMEs."

Attendance in the FINPYME ExportPlus program is free of charge to participating companies thanks to the financial support of a key IIC donor: the Republic of Korea. For additional information on the launch, please contact Mr. Andrés Alfaro in Costa Rica (aalfaro@cadexco.net, (506) 2528-5810 (ext. 44).

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 49 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: Jorge Roldán

Telephone: (202) 623-3948

Email: jorgero@iadb.org