IIC Prepares Guatemalan SMEs for Export Markets

01/30/2014

Training workshops under FINPYME ExportPlus help SMEs create business plans for internazionalization

Guatemala City, Guatemala, January 30, 2014 — The Inter-American Investment Corporation (IIC) has held the first in a five-part series of training workshops aimed at increasing the strategic planning capacity of Guatemalan 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 Italian Chamber of Commerce (CAMCIG), the American Chamber of Commerce in Guatemala (AMCHAM), Grupo Financiero de Occidente and Da Vinci University.

“Italy is proud to support IIC's FINPYME ExportPlus program, strengthening economic and commercial relations between Italy and Guatemala,” noted Fabrizio Pignatelli Della Leonessa, Ambassador of Italy to Guatemala. “This technical program activity represents a great opportunity for Guatemalan SMEs to increase their competitiveness at the international level.”

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

The workshops are part of the IIC’s FINPYME ExportPlus program, which has helped some 500 SMEs in Guatemala raise their export profile and increase their competitiveness since its inception in 2009. In partnership with more than 20 local organizations, 29 technical assistance activities have been carried out to date. The program has spread to sixteen more countries across Latin America and the Caribbean.

FINPYME ExportPlus complements Inter-American Development Bank (IDB) activities in support of the Aid-for-Trade initiative of the World Trade Organization. The program is supported by a trust fund established by the Italian Government.

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 (SMEs). 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