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MSME Clearinghouse: Newsletter |
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OAS MSME Newsletter: (May 2021): |
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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.
Desarrollo Productivo launches the “Strengthen Program” and allocates $ 120M to assist SMEs of the Knowledge Economy
This program grants assistance of up to $ 1,200,000 for companies to carry out activities that allow them to comply with the
requirements of the Law and thus be able to enter the program.
Desarrollo Productivo will finance entrepreneurial projects for $ 180 million
Non-Refundable Contributions will be granted for 180 million pesos to finance ventures that incorporate innovation and industry
4.0 solutions or contribute to generating social impact in their communities.
The Government announced the creation of two new SME University Centers
The creation of two SME University Centers was approved for which an investment of almost $ 10 million will be made, with the National University
of Jujuy (UNJu) and the National University of Hurlingham (UNaHur). These spaces aim to collaborate in the identification, formulation and
implementation of innovation projects for the competitive and productive improvement of local and regional MSMEs.
New credit line for the digitization of SMEs
A new line of credits from the Banco de la Nación Argentina, with rates subsidized by FONDEP.
Desarrollo Productivo allocates 300 million pesos in tax credit for training in SMEs
Opened a new edition of the Tax Credit for training program, with a total budget of $ 300 million. The program promotes the
investment of SMEs in the training of their workers and middle managers, based on the total or partial reimbursement of the cost.
The National SME Training Agency was launched: with an investment of $ 2.3 billion, more than 170 thousand workers from 40 thousand
companies will be trained this year
The National SME Training Agency is an initiative that will train more than 170,000 workers and will reach 40,000 MSMEs and entrepreneurs in 2021,
with a total budget of $ 2,300 million.
To Top
Caribbean Micro, Small and Medium Enterprise Centre Welcomed
The newly launched Caribbean Micro, Small and Medium Enterprise Centre is being endorsed by the Ministry of Energy, Small Business and Entrepreneurship.
The Center is hosted by the Sagicor Cave Hill School of Business and Management and The University of the West Indies Cave Hill Campus.
Micro, Small and Medium-sized Enterprises (MSMES) UNDP Future Tourism Project
The United Nations Development Programme (UNDP) has partnered with Eastern Caribbean Governments, The University of the West Indies (UWI)
and Frankfurt School (FS) to: Develop innovative open training in digital and business skills; Provide personalized technical assistance
and exclusive mentoring to MSMEs; and Select MSMEs to receive financial assistance.
To Top
Government implements the "Electronic Catalog - Purchase Made in Bolivia" to promote national production and reactivate the economy
The national Government approved Decree 4505 that regulates Law 1257 for the Promotion of State Acquisition of National Assets, which
implements the "Electronic Catalog - Purchase Made in Bolivia", with the aim of modernizing state purchases, encouraging national
production and reducing the times in the purchasing of products.
To Top
4th edition of the program that connects entrepreneurs and investors adds up to almost R $ 53 million in investments
The 2021 cycle of Capital Empreendedor was launched with the proposal to guide and train startups and innovative businesses to
approach and negotiate with investors.
Small businesses benefit from the approval of the Startups Legal Framework
Chamber of Deputies approved measure that supports the performance of small innovative businesses and promotes the strengthening of the innovation ecosystem in the country.
To Top
Government highlights Budget 2021 investments in small businesses and entrepreneurs
The Women Entrepreneurship Knowledge Hub—a three-year, $8.62-million program—is part of the Government of Canada’s Women Entrepreneurship
Strategy. In advancing research, gathering statistics and sharing best practices, the hub is creating a one-stop shop for the information,
tools and resources women entrepreneurs need to succeed.
To Top
ReactivaTECH - Negocios Abierta will support reactivation of more than 100,000 Colombian companies
This is a joint effort between Mincomercio, iNNpulsa Colombia, MinTIC and CredibanCo, with the support of different allies, which
offers companies, especially small and medium-sized ones, solutions so that current businesses remain open and new ones open.
More services to assist 50,000 micro-businesses in 2021
The initiative, from the Ministry of Commerce, Industry and Tourism, and Colombia Productiva, is part of the Economy for People
policy and the Compra Lo Nuestro strategy.
Through a new virtual space, businesses will be able to identify and improve their internal problems and will have tools so that
they can make the digital leap, in order to increase their sales or be more profitable.
The gender committee propose strategic lines to empower women in the Commerce, Industry and Tourism sector
The entities that make up the Commerce, Industry and Tourism sector articulated efforts to work together for Colombian women,
on issues concerning: entrepreneurship, relationship and value chains, leadership, information, financing and institutional
strengthening.
To Top
The Ministry of Industry, Commerce and MSMEs (MICM) and the Superintendency of Banks (SB) establish a common agenda to support
MSMEs and industries
The Ministry of Industry, Commerce and Mipymes (MICM) and the Superintendency of Banks (SB) established a common work agenda to
exchange of information, as well as specialized data that facilitate the design of public policies to support and promote the
MSMEs and industries.
To Top
Micro, Small and Medium-sized Enterprises (MSMES) UNDP Future Tourism Project
The United Nations Development Programme (UNDP) has partnered with Eastern Caribbean Governments, The University of the West Indies (UWI)
and Frankfurt School (FS) to: Develop innovative open training in digital and business skills; Provide personalized technical assistance
and exclusive mentoring to MSMEs; and Select MSMEs to receive financial assistance.
To Top
Ministry of Production provided resources to 90 winning projects of the Emprende Fund
After a process of application and selection that began the previous year, the 90 winning projects of the Emprende Fund: Productive
Ecuador that is executed by the Ministry of Production, Foreign Trade, Investments and Fisheries (MPCEIP), received part of the
non-reimbursable funds destined for develop innovative production projects in the fields of transport and logistics; fresh and
processed foods; technology, biotechnology, metalworking; environmental services; building; Health; and tourism.
MPCEIP and Asemec sign a cooperation agreement to promote the internationalization of MSMEs
An inter-institutional cooperation agreement was signed with the Ecuadorian Association of Express and Courier Messaging Companies (Asemec)
with the aim of strengthening the joint work of both institutions for the development of the "Exporting" Program.
To Top
Funds for innovation and reactivation for MSME
The National Commission for Micro and Small Enterprises (CONAMYPE) together with the Board of Directors of the Special Fund for Resources
from the Privatization of ANTEL (FANTEL), granted $ 15,000.00 to MYPE of the Craft Sector.
30 MYPE trained in accounting
The National Commission for Micro and Small Enterprises (CONAMYPE) developed specialized technical assistance for formalization aimed
at strengthening accounting, financial and fiscal aspects for MYPE in the coastal zone of the country.
Seed capital delivered to 82 startups
The Government of El Salvador, through the National Commission for Micro and Small Enterprises (CONAMYPE), delivered seed capital to
businesses participating in the Support Program for Solidarity Communities in El Salvador (PACSES).
To Top
700 businesswomen participate in showroom
The Japanese International Cooperation Agency -JICA- in coordination with the Ministry of Economy -MINECO-, inaugurated in the second
level of AGEXPORT the face-to-face Showroom "Closing commercial gaps for women entrepreneurs" that seeks to support companies led by
women for the introduction of their products in different points of sale in Guatemala.
To Top
More Than 100 MSMEs To Benefit From Formalising Project
More than 100 informal operators in the micro, small and medium-sized enterprise (MSME) sector will benefit from support to
transition to formal status.
$1 Billion Allocated For ‘Go Digital’ Initiative To Support Small Businesses
The Ministry of Industry, Investment and Commerce has earmarked $1 billion to fund the ‘Go Digital’ initiative, being spearheaded
by the Jamaica Business Development Corporation (JBDC) to support small businesses.
Scotiabank deepens SME support through online intervention programme
Scotiabank, in partnership with global entrepreneur Brad Sugars, will host a 30-day online intervention programme, aimed at
providing support to small and medium-sized enterprises (SMEs).
During the 30-day period to commence this month, registered participants will gain free access to international business coaching
sessions dubbed 'Brad Sugars 30x', which, through quick half-hour video sessions, participants will be exposed to winning strategies
that can be used to optimise, revamp or modify their businesses.
To Top
Panamanian women at the forefront among entrepreneurs
A new installment of Seed Capital made this Thursday the Micro, Small and Medium Enterprise Authority (AMPYME), which benefited
38 people in the province of Panama, most of them women.
To Top
MSMEs will be able to be exempt from fines
The Ministry of Industry and Commerce (MIC), through the General Directorate of Formalization and Registration, the Directorate of
Business Promotion and the Directorate of RENAMIPYMES, dependent on the Vice Ministry of MIPYMES, communicated to all micro, small
and medium-sized enterprises the 100% exemption from fines and surcharges, in late registration in the Employer Registry, late
submission of annual work sheets and communication of employee movement, according to Resolution No. 539/2021 of the Ministry of
Labor, Employment and Social Security (MTESS).
Differentiated tariff for MSMEs in the drug, cosmetic, household and related sectors
Through Resolution No. 278, dated May 6, 2021, a differentiated tariff was established for MSMEs in the sector of medicines,
cosmetic, domestic and related products, "for the authorization of establishments and health records granted by the National
Directorate of Sanitary Surveillance (Dinavisa)”.
MSMEs are beneficiaries of various programs for the economic reactivation of the sector
The head of the Vice Ministry of MIPYMES, on the occasion of the Entrepreneurs Fair, held at the Mariscal López Shopping,
with the support of ASOMIPYMES, ASEPY and directors of the aforementioned shopping center , highlighted the joint work of
the unions and the private sector, in the realization of this event that brought together more than 70 MSMEs and entrepreneurs,
from 23 cities in the country.
Management and administration, training topics for MSMEs
The first virtual meeting of the Training Course in Management and Administration of MSMEs began, organized by the Vice
Ministry of MSMEs of the Ministry of Industry and Commerce (MIC), with consultants specialized in business and law areas
as part of module one.
To Top
Congressional Economic Commission approves rule proposed by the executive that facilitates access to liquidity for MSEs
The project allows the benefits of Emergency Decree No. 013-2020 to be delivered, meeting the financing needs of MSEs.
Produce promotes virtual fairs "Cajamarca Imparable" and "Mujeres Imparables" with the participation of more than 170 MYPE for Mother's Day
Thanks to the support of REDMEP and GORE Cajamarca, female and male entrepreneurs will be able to make their sales for a month on the Peru Imparable digital platform.
The PAE-MSME will grant credits with rates from 2% to 7%
The fund has S / 2 billion available to the financial system so that they can make loans.
To Top
The SBA Funds 16,000 Restaurant Revitalization Fund Awards
The U.S. Small Business Administration will begin delivering economic relief from the Restaurant Revitalization Fund, established
by the American Rescue Plan, to more than 16,000 approved applicants.
SBA Launches Supplemental Targeted Advance for Small Businesses Hardest Hit by COVID-19
The U.S. Small Business Administration launched a new round of Economic Injury Disaster Loan (EIDL) assistance – called Supplemental
Targeted Advances – on April 22, 2021 that will provide $5 billion in additional assistance to 1 million small businesses and nonprofit
organizations that have been most severely affected by the economic effects of the COVID-19 pandemic.
To Top
CAF and LATU worked together to strengthen MSMEs in northeastern Uruguay
Through a project carried out by both organizations, micro and small entrepreneurs from the wood and rice production chains were trained.
CEDU activates application to SMEs led by women to receive mentoring in digital business
The “Despegate” program seeks to link female entrepreneurs with mentors with experience in different areas of digital business. In order
to strengthen and professionalize the digital business of SMEs led by women, as well as to support businesswomen and entrepreneurs to
improve the effectiveness of their online sales channel, the Uruguayan Chamber of the Digital Economy (CEDU) created “Despegate ”, A
mentoring program, which will take place from June to November 2021.
To Top
International and Regional Organizations
International Trade Center
Webinar on: The WTO Investment Facilitation Framework for Development and the Importance of Facilitating Sustainable Investment for MSMEs
Central American Bank for Economic Integration (CABEI)
CABEI launches program to support MSME tourism in the region
The Central American Bank for Economic Integration (CABEI) advances in the development of financial solutions to support and reactivate
micro, small and medium-sized tourism companies in the region.
CABEI and Dominican Development Foundation sign agreement to strengthen MSMEs' capacities
The Central American Bank for Economic Integration (CABEI) signed a Memorandum of Understanding with the Dominican Development Foundation (FDD)
on Wednesday to promote joint training and mentoring activities in the area of business and entrepreneurship for businesspeople, entrepreneurs and
micro, small and medium-sized enterprises (MIPYMEs) in the Dominican Republic with the Dominican Development Foundation (FDD).
Regional Center for the Promotion of MSMEs (CENPROMYPE)
CENPROMYPE and REDCAMIF sign a cooperation agreement to improve the competitiveness of MSMEs in the region
The Regional Center for the Promotion of MIPYME (CENPROMYPE), an instance specialized in the subject of the Central American Integration
System (SICA), and the Central American Network of Microfinance Companies (REDCAMIF) signed a cooperation agreement to improve competitiveness
and access of the SME to the regional and international market.
United Nations Development Programme (UNDP)
Small businesses, big impacts: Supporting productive SMEs as an engine of recovery in LAC
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