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arrow OAS MSME Newsletter: (September 2022):

Organization of American States (OAS) OAS Launches the Women’s Economic Empowerment Project

The Organization of American States (OAS), through its Executive Secretariat for Integral Development (SEDI), kicked off on August 29 th , 2022 the “Economically Empowered Women for Equitable and Resilient Societies” (Women’s Economic Empowerment--WEE) project in the three countries of the Northern Triangle of Central America (El Salvador, Guatemala, and Honduras).

Country Policy Responses


Argentina and Spain work to promote the industrial transformation 4.0 of SMEs

The Secretary of Industry and Productive Development met with the Ambassador of Spain in Argentina with whom he advanced in the strengthening of the agreements between both countries to promote the development of industry 4.0 for the benefit of Argentine and Spanish SMEs.

Economy and Labor launched the Labor Productive Map-Argentina

The Ministries of Economy and Labor, Employment and Social Security presented the Argentine Productive-Labor Map, an unprecedented tool that displays the more than 700,000 registered productive establishments in Argentina in which more than 6 million salaried people work. The Productive-Labor Map is an interactive board that is very easy to use, in which you can filter by productive sector and by region. The map can be found on the CEPXXI website and on the page of the Ministry of Labor.

MSMEs created more than 148,000 jobs in the private sector in the last year

Private registered employment in micro, small and medium-sized enterprises (MSMEs) showed an increase of more than 148,000 registered jobs in the second quarter of the year compared to the same period of the previous year (+4% year-on-year), according to Preliminary data from the Secretariat of Industry and Productive Development of the National Ministry of Economy.

Greater financial and technical assistance for Argentine SMEs is promoted with the World Bank and ECLAC

The Secretary of Industry and Productive Development met with representatives of the World Bank and the Economic Commission for Latin America and the Caribbean (ECLAC) to advance policies that expand financial and technical assistance to SMEs that transform the productive matrix.

The exports of MSMEs reached US$6,617 million in the first semester, the highest value in 9 yearsr

Exports of micro, small and medium-sized enterprises (MSMEs) totaled US$6,617 million in the first half of 2022, which meant the highest value in 9 years and a rise of 13% year-on-year and 25% compared to 2020, from according to preliminary data from the Ministry of Industry and Productive Development of the Nation. Thus, the sales of MSMEs represented 15% of the total exported in that period, which was US$44,377 million.

IDB approves US$80 million to increase the productivity of MSMEs in Argentina

The program will promote the innovative and environmentally sustainable productive development of MSMEs and will promote their digital transformation.

The National Government strengthens SME credit: it grew to 53.4%

The credit granted to micro, small and medium-sized companies grew in May 2022 by 1.5% in real terms compared to April of the same year, and reached 53.4% of the total financing granted to companies, which represents, according to a report from the Center for Production Studies (CEP-XXI) of the Ministry of Productive Development, the highest record of participation in access to credit for SMEs.

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Government delivers productive machinery to MSMEs of La Paz

The national government, through Pro-Bolivia, an entity dependent on the Ministry of Productive Development and Plural Economy, delivered machinery and productive equipment to micro and small enterprises (MSMEs) in the municipalities of La Paz, El Alto and Viacha, from the sectors of textiles and leather, with the purpose of promoting and strengthening productive capacity, within the framework of the “PROMYPE Project” program.

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Simples companies will access a tax reduction benefit on products destined for export

The Special Secretariat of Federal Revenues and the Special Secretariat of Foreign Trade and International Affairs of the Ministry of Economy published a joint ordinance that extends the suspension of taxes to small businesses that opt for the Simple Nacional. This instrument consists of suspending taxation on the purchase of products and services intended for the manufacture of items for export. In this way, the selling company stops paying these taxes, making the acquisition cheaper. If the export is confirmed, taxes and contributions are not paid again, since exports are not taxed. If the sale abroad does not take place, the company that acquired it must pay the taxes that were suspended.

Sebrae promotes aid program for ecotourism and adventure tourism to help SMEs to obtain safety certification

Sebrae's permanent program, Natural Adventure, in the current phase, will pay up to 70% of the investments necessary for the company to adopt the Brazilian and International Standard, stipulated by the Brazilian Association of Technical Standards (ABNT), and, with that,  they can apply for the international certification of safety management in ecotourism and adventure tourism. In Brazil, only 19 companies have this security seal.

Credit programs grant up to R$ 72 billion in loans for micro and small businesses

Individual microentrepreneurs (MEI) and microenterprises throughout the country will now also be served by the Emergency Credit Access Program (PEAC), of the National Bank for Economic and Social Development (BNDES), with guarantees from the Investment Guarantee Fund (FGI). The initiative is part of a working group promoted by the federal government to grant credit to micro and small businesses. The expectation is that up to R$ 22 billion will be released by 2024.

Participation of MSEs in government procurement grew 93% in the last three years

Increasingly, small business owners have become suppliers of goods and services to the government, participating in public procurement. Data obtained by Sebrae indicate that there is a trend towards greater participation of micro and small companies (MSEs) in this market. Between 2018 and 2021, the amounts approved by MSEs increased by 93%, from R$21,261 billion to R$41,005 billion. In this period, public purchases moved a total of R$ 493,997 billion, with 26.20% of this amount corresponding to small businesses, that is, R$ 129,429 billion.

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Government announces that Women’s Enterprise Organizations of Canada will help deliver much-needed access to capital to women entrepreneurs across the country

The Minister of International Trade, Export Promotion, Small Business and Economic Development, announced that Women’s Enterprise Organizations of Canada (WEOC) will be providing loans of up to $50,000 to women entrepreneurs and business owners this fall through the Women Entrepreneurship Loan Fund.

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President leads launch of Sercotec's Recover Tourism program

The measure is part of the Inclusive Recovery Plan "Chile Supports" which, together with Corfo's PAR Tourism program, will allocate nearly 30 billion pesos to the reactivation of more than 6,600 companies in the country's tourism sector

Ministry of Economy opens call for Sercotec Bee Capital to promote female entrepreneurship

With funds from the Chile Support Plan, this call is expected to benefit 968 entrepreneurs from all over the country who are looking to start up a new business. Those selected will receive up to $3.5 million to invest in advice, goods and working capital.

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Mincomercio and Bancóldex announce new resources for $350,000 million for MSMEs

The Ministry of Commerce, Industry and Tourism, through Bancóldex, makes new resources for $350 billion available to micro, small and medium-sized entrepreneurs in the country through 4 lines of credit, previously created by both entities, to promote economic reactivation of companies with credits that adjust to their needs and production cycles.

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Costa Rica

Competitive funds to improve the competitiveness of SMEs that operate in productive ecosystems of cluster initiatives

The Costa Rican Innovation and Research Promoter announced the opening of "Propyme + Clusters 2022", a call that seeks to improve the management capacity and competitiveness of small and medium-sized Costa Rican companies that operate in value chains or productive ecosystems of cluster initiatives.

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Dominican Republic

Government provides more than RD$173 million in loans to micro and small entrepreneurs in North Santo Domingo

This funding is part of measures planned to mitigate the negative effects inherited from the pandemic and the war between Ukraine and Russia, as a way to protect more than 2.2 million direct jobs generated by MSMEs and guarantee income opportunities for 60% of Dominican households.

Ruta MIPYMEs del MICM brings training, technical assistance and support to entrepreneurs from Santiago Rodríguez

The Ministry of Industry, Commerce and Mipymes (MICM), through the "Ruta mipymes" program, provided technical assistance, training and support to entrepreneurs in this province and thereby support micro, medium and small businesses.

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Artisans, micro-enterprises and entrepreneurs can apply for the 1×30 credit

The Government began offering 1×30 credits to Ecuadorian artisans, micro-enterprises and entrepreneurs, through BanEcuador, in coordination with the Ministry of Production, Foreign Trade, Investments and Fisheries. The financing amounts range from USD 500.00 to USD 5,000 per credit beneficiary, at 1% annual interest and with a term of up to 360 months (30 years) with monthly payments.

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El Salvador

Together with FANTEL, $33,500 were allocated as seed capital to promote the Artisan Sector.

The Government of El Salvador, through the National Commission for Micro and Small Enterprises (CONAMYPE), in coordination with the Special Fund for Resources from the Privatization of ANTEL (FANTEL), delivered $33,500, as seed capital funds for the Craft Sector.

Closure of the Acelera Empresaria program.

The Government of El Salvador, through the National Commission for Micro and Small Businesses (CONAMYPE) together with the United States Agency for International Development (USAID), carried out the graduation of the “Accelerate Business” program. This program has the objective of accelerating and supporting women entrepreneurs in their productive activity, providing training and technical services for the digital transformation of their companies.

Training on accounting issues was developed for MSMEs in San Salvador.

A workshop on Accounting Formalization and Value Added Tax (VAT) in business was developed through the Regional Center of San Salvador in coordination with personnel from the Universidad Salvadoreña Alberto Masferrer (USAM).

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Training of entrepreneurs from the MSMEs sector in Jutiapa

The Ministry of Economy, through the Vice Ministry of Development of MSMEs, trained 40 entrepreneurs that make up the Integral Productive Association -ASIPRO-, in the village of La Brea, in the municipality of Quezada, department of Jutiapa, for two days on issues of formalization, cooperativism and financial education.

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Government working with Buxtonians to set up small businesses

Government continued its engagement and outreach in Buxton aimed at helping the residents to tap into the available government services, and loans available to start-up small businesses.

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EXIM Bank Earmarks $100 Million to Assist SMEs Expansion Online

The National Export-Import Bank of Jamaica (EXIM Bank) has earmarked $100 million for an e-commerce fund to assist small and medium-size enterprises (SMEs) in expanding their businesses online.

Through a partnership with the Jamaica Manufacturers and Exporters Association (JMEA), the ‘EXIM Ecommerce Funder’ will finance up to 80 per cent of the associated costs of critical inputs for SMEs which are in the process of or are interested in trading through an e-commerce platform.

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Ministry of Economy and Migrant Force join forces to support MSMEs and entrepreneurship

The Ministry of Economy and the binational platform Fuerza Migrante joined efforts in terms of training and dissemination of valuable content to support micro, small and medium-sized enterprises (MSMEs), as well as binational ventures.

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Ampyme Single Window launches virtual service

The Single Window of the Authority for Micro, Small and Medium Enterprises (Ampyme), launched the virtual service that will allow users to create their Entrepreneurship Society, without going to the institution's offices and using any mobile device.

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Micro-enterprises dedicated to the production of food products were benefited by the MIC's Formalization Program for Access to Markets

MSMEs benefited by the PCM signed a commitment document for the sustainability of the project carried out by the MIC

Two microenterprises signed a Project Sustainability Commitment Act, as they benefited from the MSME Competitiveness Program (PCM), run by the Ministry of Industry and Commerce (MIC), through the Vice Ministry of MSMEs.

With the support of US technicians, the MIC promotes the application of the SBDC model for the growth and strengthening of MSMEs

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For the first time, the Ministry of Production - Produce, together with the Supervising Agency for State Procurement - OSCE and the Inter-American Development Bank - IDB, organized the Ruraq Warmi event, which seeks to raise the participation rate of SMEs suppliers led by women in public purchases.

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United States

In Los Angeles, U.S. Small Business Administration, Operation HOPE Announce New Collaboration Aimed at Empowering Black-Owned Small Businesses

The head of the U.S. Small Business Administration (SBA) and the voice for America’s 33 million small businesses joined the CEO of Operation HOPE Inc., the nation’s largest non-profit dedicated to financial empowerment for underserved communities, in Los Angeles to highlight the implementation of a recently signed Strategic Alliance Memorandum (SAM) geared toward promoting the development of entrepreneurial potential within the Black community.

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More than 800 MSMEs signed up for the courses designed for the food sector by MIEM and LATU

More than 800 MSMEs from the food sector were interested in the cycle of courses and workshops given by MIEM and LATU on the following topics: Food shelf life, food labeling, food safety and circularity in food processes.

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