IIC Provides Strategy Training to Salvadoran SMEs

02/20/2014

FINPYME ExportPlus enters second phase of training workshops to help SMEs create export business plans

San Salvador, El Salvador, February 20, 2014 — The Inter-American Investment Corporation (IIC) has launched its second workshop in a five-part series aimed at increasing the strategic planning capacity of Salvadoran small and medium-sized enterprises (SMEs).

This latest training session focused on methodology and helped participating companies create an export strategy with a view to accessing new markets. The workshop was organized in collaboration with the Corporation of Exporters of El Salvador (COEXPORT) and Scotiabank, El Salvador’s fourth largest private bank.

“The program represents an excellent opportunity to help SMEs identify areas of their business that need improvement, enabling them to become competitive and access foreign markets,” noted Santiago Díaz Trigueros, Senior Manager of Scotia Pyme, Scotiabank. “The exercise of creating a strategic plan helps entrepreneurs identify their competitive advantage as well as the specific market and costumer needs they need to address.”

The workshops are part of the IIC’s FINPYME ExportPlus program, which provides training and technical support to SMEs in Latin America and the Caribbean, improving their export profile and increasing their competitiveness. Implemented in seventeen countries across the region, the program has trained almost 2,500 SMEs to date.

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