IIC’s FINPYME Program Held a Workshop in Barbados on Operation Management


St. Michael, Barbados - On August 8, 2011, the Inter-American Investment Corporation (IIC), in collaboration with the University of the West Indies, held a FINPYME workshop on Operation Management for small and medium-sized enterprises (SMEs) in Barbados. This was the second round of FINPYME technical assistance activities organized in Barbados, following the first workshop on business strategy held in May.

During the second workshop, eleven participants learned how to explore and implement methods to rapidly assess, improve and manage the performance of their business operations. This was a timely subject for participating SMEs in that they were able to get a broader perspective on their operational level after they set up a long-term business strategy at the first FINPYME workshop.

FINPYME, an IIC technical assistance program financed by the Korea-IIC SME Development Trust Fund, is a diagnostic tool for small and medium-sized enterprises intended to help them improve their competitiveness and facilitate their access to potential sources of financing.

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: Narae Lee

Telephone: (202) 623-3893

Email: narael@iadb.org