Training and Stimulus for Entrepreneurs

A novel program gives business training to SMEs in Panama, awarding working capital prizes to the best 100.

Thursday, July 23, 2009

420 entrepreneurs will receive courses of 40 hours a week in 16 mobile units from the SMEs authority, also known as Ampyme. These units are equipped with machinery and their respective training and coaching staff.

With this program, Ampyme wants to offer entrepreneurs the opportunity of having their own business in these sectors: dairy products, bakeries, fruit and food conserves, crafts, esthetics and beauty, and administrative services.

More on this topic

Nicaragua: New Chamber to Support SMEs

March 2011

The new association, Aconimipyme, aims at offering advice in order to improve competitiveness of small and medium enterprises.

"According to Osman Altamirano, president of Nicaragua Consultants Association for Small and Medium Business, Aconimipyme, the goal is to take advantage of the training and experience of its members to help MSMEs overcome their weaknesses," reports an article in Laprensa.com.ni.

$1.9 Million from IDB for Guatemalan MSMEs

November 2009

500 micro, small and medium companies will be trained through a competitiveness program in the country's southwest.

Businessmen from the departments included in the program (Quetzaltenango, Sololá, San Marcos, Totonicapán, Retalhuleu y Suchitepéquez) will be trained in agribusiness, agriculture, education, craftsmanship and services.

$ 32 Million from WB for MSMEs in Guatemala

March 2011

The project will improve productivity of MSMEs in tourism and agribusiness.

For this, the World Bank will invest U.S. $ 32 million to strengthen their added value products, quality and integration to national and international markets.

"Micro, small and medium businesses generate most jobs in Guatemala, this project will help promote growth and increase their productivity," said Felipe Jaramillo, World Bank Director for Central America. "Promoting sustainable growth and productivity is one of the World Bank´s priorities for the Partnership Strategy with Guatemala," he added.

IDB to help Guatemala develop, expand competitive businesses

September 2009

The Inter-American Development Bank (IDB) will support several programs to improve the competitiveness of companies in Guatemala, a move that will help boost economic growth.

In a meeting today, the board of the IDB approved a proposal that will allow Guatemala to use a $29 million loan from the Bank to start up a program for the development of firms, particularly micro, small and medium enterprises, and production chains in the country, based on a scheme that promotes public-private partnerships. The program will offer a series of business development services to boost productivity and competitiveness in productive sectors that are potentially world class and territorial leaders.

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