MSME Clearinghouse:  Newsletter

arrow OAS MSME Newsletter: (November 2021):
This OAS MSME Newsletter is published by the Department of Economic Development of the Executive Secretariat for Integral Development (SEDI). It is dedicated to measures recently announced by OAS Member States to drive the economic recovery of micro, small and medium-sized enterprises (MSMEs). The policy responses vary from country to country and are specific to the economic circumstances of each Member State. Given that every day produces new developments, this inventory is in no way exhaustive.

Country Policy Responses


SMEs may request assistance of up to $ 40 million to finance projects that increase their exports

Through the National Fund for Productive Development (FONDEP), SEPYME supports companies to increase exportable products, consolidate export destinations and increase value added through design, innovation and the incorporation of 4.0 technology.

The Ministry of Productive Development has already granted one million credits to SMEs and entrepreneurs

The financing was for a total of more than $ 216,000 million.

In 20 months, the Government granted more than 800,000 loans to SMEs

The Ministry of Productive Development provided 31 lines of financing that were launched by the Secretariat for Small and Medium Enterprises and Entrepreneurs. It includes loans at a rate of 24% per year and financing of the ATP program, among other tools.

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Sebrae and CACB launch conflict mediation campaign with free online service for SMEs

During the month of November, the partnership will offer mediation opportunities for small business owners in matters involving values up to R$20,000.

Sebrae launches step-by-step guide to guide entrepreneurs to settle government debt

Different alternatives created by the government to facilitate the renegotiation of MSE debts.

Tax reform favors small businesses

Sebrae supports the PEC 110 report, which provides for the maintenance of Simples (simplified taxation system designed for micro and small Brazilian businesses), and reduction of bureaucracy.

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Minister promotes CanExport SMEs in British Columbia

Minister makes announcement highlighting the Canadian Trade Commissioner Service’s CanExport SMEs funding.

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Costa Rica

Global Entrepreneurship Week 2021

Costa Rica celebrates for the tenth consecutive year, the Global Entrepreneurship Week 2021, -from November 15 to 19-, with free activities organized by the Ministry of Economy, Industry and Commerce (MEIC) and the University for International Cooperation (UCI).

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Sercotec will provide subsidies to Kindergartens

The service, dependent on the Ministry of Economy opened a call for more than $ 3 billion with which it hopes to benefit 803 gardens in the country.

Ministry of Economy launches program that will benefit more than 2,400 store owners

The service, dependent on the Ministry of Economy opened a call for more than $ 3 billion with which it hopes to benefit 803 gardens in the country.

Sercotec opened the call for Reactívate Belleza nationwide

Applications are open from Tuesday 20 to Friday 23. Those who meet the requirements can access amounts of up to $ 3 million.

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Dominican Republic

MSMEs in the Northern region of the Dominican Republic seal their continuity with family protocols under the MICM and AIREN program

The MSMEs of the manufacturing sector in the North region advance in the signing of their first family protocols, after fulfilling the commitments of the "Development for Family Manufacturing Industries" program, sponsored by the Ministry of Industry, Commerce and MSMEs (MICM) and the Association of Industrialists of the North Region (AIREN).

MICM and the private sector join forces to support the entrepreneurial ecosystem of the Dominican Republic

The Ministry of Industry, Commerce and MSMEs (MICM), Barna Management School, the firm INICIA, Banco Popular Dominicano, GAM Capital, E. León Jimenes and the National Association of Young Entrepreneurs (ANJE), signed an agreement that will allow entrepreneurship of the Dominican Republic to be measured and published in the Global Entrepreneurship Monitor (GEM) for 2022.

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"Launch of "The Global Entrepreneurship Week 2021"

The launch of “Global Entrepreneurship Week 2021” was launched. Through this event the Guatemalan entrepreneurial community benefited with workshops, trainings, fairs, as well as analysis and discussions of public policies in favor of this important productive sector of the country. The event was held from November 5 to 16, 2021. The directories also include locations, emails, telephone numbers, contacts and the productive sector to which the companies belong, information that is used by purchasing units to have a complete vision of potential suppliers.

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Activities for Global Entrepreneurship Week

The Jamaica Business Development Corporation (JBDC) has organised a host of events to commemorate Global Entrepreneurship Week (GEW), which is being observed November 8 to12. The events include a Business Dialogue Forum; JBDC Virtual Biz Zone; Opportunity Evening; Raising Capital; The Entrepreneur’s Journey and the JBDC BOSS of the Year Awards.

Government Reinforce Support for MSME Sector

In acknowledging the link between the growth of the micro, small, and medium-sized enterprises (MSMEs) sector and the country's economic recovery, the Ministry of Industry Investment and Commerce remains committed to facilitate the development of a robust and enabling policy ecosystem.

Bureau of Standards Jamaica (BSJ) Launches Client Services Program for MSMEs

In a bid to enhance the productivity and international competitiveness of micro, small and medium-sized enterprises (MSMEs), the Bureau of Standards Jamaica (BSJ) recently launched the Client Services Programme (CSP).

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Ministry of Economy and Microsoft Mexico sign collaboration agreement to promote the development of MSMEs

The Ministry of Economy, through the Productive Development Unit, signed a collaboration agreement with Microsoft Mexico to promote the development of micro, small and medium-sized enterprises (MSMEs), with two lines of action.

The first, linking their training platforms for the development of digital and business skills; the second, to develop training programs to strengthen them.

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Entrepreneurs and businessmen in Global Entrepreneurship Week

This year the event will be held in a hybrid manner and will have the participation of national and international exhibitors, with a series of dance, music and other presentations, as well as folkloric exhibitions by the Ministry of Culture.

The GEW promotes conferences, talks, workshops and other activities to inspire thousands of people to undertake or consolidate their ongoing ventures.

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MICMinistry of Industry and Commerce (MIC) and the Embassy of Taiwan launch project to strengthen enterprises led by women and assistance to MSMEs

The Government of Paraguay and the Government of the Republic of China (Taiwan), through the Ministry of Industry and Commerce and the Embassy of the Republic of China (Taiwan), signed a Letter of Intent in order to implement the Assistance Project to the Economic Recovery and Empowerment of Women in Latin America and the Caribbean, in the post-pandemic stage-Employment, Women's Entrepreneurship and Inclusive Finance Technical Assistance in Paraguay (REEMUJERPY)”.

MSMEs selected for their industrial activity to be beneficiaries of the competitiveness program, will receive certificates

The MSMEs Competitiveness Program (PCM), which is carried out by the Vice-Ministry of MSMEs, dependent on the Ministry of Industry and Commerce (MIC), delivers certificates to micro, small and medium-sized enterprises, of various categories, with industrial activity, who were selected as beneficiaries of PCM 2021.

Successful closing of the training cycle for MSMEs with export potential

The training cycle began on October 6 and lasted until November 9, through 11 virtual modules aimed at MSMEs, by promoting exports, identifying potential international markets, hosted on the Distance Training Platform (PCD).

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By 2026, goods for S / 4000 million will be purchased from 36,000 MSMEs

By 2026, goods worth $4 billion in soles will have been purchased from 36,000 micro and small businesses, through the Purchases from MYPErú program, as part of the economic reactivation plan, one of the five management axes of the Ministry of Production (Produce).

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United States

SBA Administrator Statement on GAO Findings: PPP Program Increased Lending to Smallest Businesses, Underserved Community

The U.S. Small Business Administration (SBA) Administrator announced the agency reached $44.8 billion in funding to small businesses through more than 61,000 traditional loans for fiscal year (FY) 2021.

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The Uruguayan Agency for International Cooperation (AUCI) coordinates cooperation work between Uruguayan institutions and the OAS Development Program

A working meeting was held with the main objective of sharing with Uruguayan institutions the objectives, scope, expected results and main tools of the Small Business Development Program implemented by the Organization of American States (OAS) in several of its Member States.

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      International and Regional Organizations

Organization of American States (OAS)

  • OAS-WhatsApp Business Partnership for MSMEs

    In the framework of the OAS-WhatsApp Business Partnership for MSMEs a Train-the-Trainer session took place on October 29, 2021 in collaboration with the Regional Center for the Promotion of MSMEs (CEMPROMYPE).

    In the framework of the OAS-WhatsApp Business Partnership for MSMEs, and as part of the OAS MSME Digitization Program, a Train-the-Trainer session for the CARICOM region will take place on November 24, 2021.

  • Webinar on Digital Processes and Smart Businesses

    The OAS and the Technical Service of Chile (SERCOTEC) organized the Webinar: "Digital Processes-Smart Businesses" on November 15.



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