IIC Partners with CIEB and CAVEMIN to Foster SME Growth in Venezuela


Washington, D.C., July 22, 2014 —  The Inter-American Investment Corporation (IIC) signed a Cooperation Framework Agreement  with Consejo de Integración  Empresarial Bolivariano de Venezuela (CIEB) and  Cámara Venezolana de Empresarios e Industriales  del Mercosur (CAVEMIN DEL MERCOSUR) to improve the competitiveness of small and medium-size enterprises in the country through technical assistance and advisory services.

The IIC’s support will be focused in four key areas: strategic planning, financial planning, project management, and environmental and energy efficiency management. Through participation in technical assistance activities, Venezuelan businesses will improve their operations and their chances to succeed in the global economy while generating jobs and wealth for the economy as a whole.

These activities will be part of the IIC’s advisory and training services under the FINPYME brand.

About the IIC

The IIC, a member of the Inter-American Development Bank (IDB) Group, promotes private-sector development in Latin America and the Caribbean with a focus on small and medium-sized enterprises (SMEs). We help companies streamline management processes and provide them with financing in the form of equity investments, loans, and guarantees, as well as innovative technical assistance, advisory services, and knowledge products. In 2013, the IIC approved 71 operations totaling US$415.4 million. Since its inception in 1989, the IIC has approved more than 800 direct loans to SMEs and financial intermediaries, for a total of US$5.21 billion. An additional US$3.01 billion has been mobilized through cofinancing and syndication agreements. For more information on IIC activities, visit www.iic.org.

Contact: Jorge Roldán

Telephone: +1 (202) 623-3948

Email: jorgero@iadb.org