IIC, AMCHAM, CAMCIG, and Grupo Financiero de Occidente Train Guatemalan SMEs in Corporate Governance for Family Businesses


Guatemala City, Guatemala - The Inter-American Investment Corporation (IIC), the American Chamber of Commerce in Guatemala (AMCHAM), the Italian Chamber of Commerce and Industry in Guatemala (CAMCIG), and Grupo Financiero de Occidente organized a workshop on corporate governance, which was attended by fifty family businesses. The workshop is part of the activities organized by the IIC’s FINPYME ExportPlus program.

The goal of the workshop, conducted at the offices of Grupo Financiero de Occidente, was to provide training for Guatemalan small- and medium-sized family businesses that want to learn better techniques for managing a business and improving its competitiveness.

The workshop facilitator, Carlos Luna Rivara, explained that "One of the most common myths is the assumption that only large businesses apply good practices for good business governance. This seminar-workshop was useful in confirming that this is not the case and that the issue presents topics of importance to family-owned small- and medium-sized companies."

Luis Pedro Aguirre, Executive Director of Grupo Financiero de Occidente, stated that "This seminar on governance in family businesses will contribute to a change in business culture that will ensure the governance and sustainability of businesses for current and future generations. We are pleased to be involved with this workshop presented through the IIC’s FINPYME ExportPlus program because it can immediately be put into practice."

With this event, the IIC completes a series of fourteen FINPYME ExportPlus technical assistance projects in Guatemala. This program supports the objectives of the Aid for Trade initiative of the World Trade Organization. Financing for the FINPYME ExportPlus program in Guatemala has been made possible thanks to the Italian Trust Fund for Technical Cooperation Projects.


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 49 operations channeling US$374.8 million to SMEs in the region. For more information on the IIC’s activities, visit www.iic.org.

Contact: Antonello Bove

Telephone: (202) 623-3905

Email: antonellob@iadb.org