IIC launches FINPYME ExportPlus in the Caribbean


FINPYME ExportPlus seeks to help SME exporters become more competitive in The Bahamas, Barbados, Guyana, and Suriname

Paramaribo, Suriname - On November 17, 2010, the Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) Group, will launch the FINPYME ExportPlus program in The Bahamas, Barbados, Guyana, and Suriname. This initiative seeks to enable small and medium-size enterprises (SMEs) to improve their access to export markets and reflects the IIC’s commitment to provide value-added services to local companies in the region with support from a key IIC member country, the Republic of Korea.

The IIC is collaborating with local organizations to serve the unique needs of local businesses in each country. The Bahamas Chamber of Commerce, the Institute of Private Enterprise Development in Guyana, and the Suriname Business Development Center are the IIC’s local agents. In Barbados, the IIC has partnered with the Barbados Coalition of Service and Industries, the Barbados Investment and Development Corporation, the Barbados Manufacturers' Association, the Cave Hill School of Business , the Scotiabank, the Chamber of Commerce, and the Small Business Association. The Caribbean Export Development Agency is the IIC’s regional strategic partner for the program.

Based on research developed in 2009 by the Small and Medium Business Corporation in the Republic of Korea and survey results obtained during the program launchings, the IIC will provide group and individual technical assistance on relevant topics to selected SMEs in the four countries. Interested companies and organizations are cordially invited to the official launching events:

  • Paramaribo, Suriname: November 17, 2010, 9 a.m, at the Hotel Krasnapolsky
  • Georgetown, Guyana: November 30, 2010, 9 a.m, at the Hotel Pegasus
  • St.Michael, Barbados: December 2, 2010, 9 a.m, at the Lloyd Erskine Sandiford Center
  • Nassau, The Bahamas: December 6, 2010, 9 a.m, at the British Colonial Hilton

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 2009, the IIC reached US$1.4 billion in assets and approved 40 operations channeling US$299.8 million to SMEs in the region. For more information on the IIC’s activities, please visit www.iic.int

Contact: Michael Apel

Telephone: (202) 623-2521

Email: michaela@iadb.org