IIC, in alliance with local partners, holds its first FINPYME ExportPlus workshop in The Bahamas


Nassau, The Bahamas - On July 6, 2011, the Inter-American Investment Corporation (IIC) held its first FINPYME ExportPlus workshop, in collaboration with the Bahamas Chamber of Commerce and Employers Confederation and the Bahamas Agricultural and Industrial Corporation.

FINPYME ExportPlus, an IIC technical assistance program financed by the Korea-IIC SME Development Trust Fund, has as its objective to enhance the ability of small and medium-sized companies to access export markets, to help them improve their competitiveness, and to facilitate their access to potential sources of financing.

The program was publicly launched in December 2010. Since then, the IIC, with its local partners, has selected the topics which will be presented in a series of workshops. This first one-day group-based workshop focuses on the issue of export strategies to help the participating SMEs be able to recognize the value of all aspects of their business and focus on critical activities so they can export effectively.

FINPYME ExportPlus was launched as a pilot project in Guatemala in 2009 with eleven group technical workshops held to date, and since then has been expanded to The Bahamas, as well as to Barbados, Guyana, and Suriname.

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