IIC Promotes Exports in over 330 Guatemalan Enterprises

03/30/2012

IIC's regional FINPYME ExportPlus program improves access to external markets

Guatemala City, Guatemala — On March 27, 2012, the Inter-American Investment Corporation (IIC) hosted the fifteenth edition of a training course that has helped some 330 Guatemalan companies improve their access to export markets.

The workshop focused on technical and fiscal export requirements and was held in collaboration with the Universidad Galileo, the Superintendencia de Administración Tributaria (Tax Authority), and the Centro de Capacitación Tributaria y Aduanera (Tax and Customs Training Center) (CENSAT).

“The goal of these workshops is to transfer strategic management skills in exports, imports, and transportation of goods," explained Diana Freire Nave, CENSAT Coordinator. “Knowing the regulations applicable to this sector helps entrepreneurs gain access to new markets, providing a steady and sustainable boost to their income.”

Universidad Galileo professor Juan Luis Fuentes added, “The program links state agencies with business and academia, resulting in a more unified vision among these institutions and creating opportunities for cooperation. It offers the Universidad Galileo a unique opportunity to participate in the development of Guatemalan business."

This training is part of the FINPYME ExportPlus program, launched in Guatemala in 2009 to improve the export profile of small and medium-sized enterprises. Since its creation, FINPYME ExportPlus has expanded to other areas of the region and today serves a total of nine countries in Latin America and the Caribbean.

FINPYME ExportPlus receives support from Italy's Ministry of Foreign Affairs and is aligned with the Aid for Trade Initiative launched by the World Trade Organization in 2005.

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