The Inter-American Investment Corporation teams up with BAC San José in support of SMEs

02/09/2011

The workshop was part of the IIC’s FINPYME ExportPlus program, supported by Italy’s Ministry of Foreign Affairs

Guatemala City, Guatemala – On February 9 and 10, the Inter-American Investment Corporation, with the support of the American Chamber of Commerce in Guatemala (AMCHAM) and Banco Citibank de Guatemala, S.A., held a FINPYME ExportPlus workshop on Exporting to the United States.

This workshop provided information and training to small and medium-sized entrepreneurs on the processes and formalities involved in exporting products to the United States. The topics covered included minimizing risks in the export process and entry into the United States market, how to do business with the United States, financial tools, and contractual terms, as well as success stories. This was the IIC’s ninth FINPYME ExportPlus workshop in Guatemala.

Mr. Gustavo Arnavat, IIC Executive Director for the United States of America was the workshop’s keynote speaker. He stressed the critical role that the private sector plays in creating jobs and promoting sustainable economic development. "The United States fully supports the IDB Group's focus on small and medium-sized enterprises, which create 77% of non-agricultural sector jobs in Central America. The success of these companies will lead to stronger macroeconomic results for the countries in the region, and will create greater demand for American goods and services."

More than 50 SMEs attended the workshop; three of them told success stories: YA ESTÁ (a processed foods company), PLANESA (a blackberry and raspberry exporter), and AGRO ALTOS (a company that produces fresh vegetables). Attending the workshop were representatives from AMCHAM, the Asociación de Exportadores de Guatemala (Agexport), Citibank, DHL, Guatemala Deloitte, USDA, USFDA, and the Arias y Muñoz law firm.

The series of workshops held to date in Guatemala have proved to be very successful and have generated much interest from local entrepreneurs. As a result, the IIC is presently launching other FINPYME ExportPlus programs elsewhere in Central America and the Caribbean.

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 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: Antonello Bove

Telephone: (202) 623-3905

Email: antonellob@iadb.org