MSME Clearinghouse:  Newsletter

arrow OAS MSME Newsletter: (July 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.


Green Productive Development Plan Launched

The Ministry of Productive Development, together with the Ministry of Territorial Development and Habitat, launched the Green Productive Development Plan, which represents an investment of more than 10,000 million pesos through different technical and financial support tools for the development of suppliers in the green economy, the promotion of circular production processes and environmental adaptation, in more than 3,500 Argentine companies from different sectors.

Ministry of Productive Development and the province of Buenos Aires announce loans for $ 400 million for SMEs led by women

These are loans with a subsidized rate for productive investment projects for up to $ 20 million per SME.

Argentina and Germany Agreed to Cooperate to Promote the Digitization of SMEs

It was agreed to work together to promote digitization, innovation and optimization of resources in Argentine SMEs, through the exchange of know-how and technology.

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Trusts for the Reactivation and Development of the National Industry Established

The Ministry of Production reported that the actions for the national productive reactivation began on December 17, 2020, when the Bolivian Government established the Trusts for the Reactivation and Development of the National Industry (Firedin) with Substitution of Imports (SIBOLIVIA) with a fund of Bs 911.1 million for productive loans at a fixed annual interest rate of 0.5%.

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Sebrae Launches Second Edition of the Entrepreneurial Education Award

The best practices of teachers from all over Brazil will be awarded and disseminated by the entity. With the aim of expanding entrepreneurial education in the school environment, Sebrae launched the 2nd edition of the Sebrae Prize for Entrepreneurship Education. The initiative will promote and recognize the best practices of basic, secondary, higher and technical education teachers throughout the country, valuing the work of the most committed professionals.

Credit Incentive Program is Launched With the Potential to Provide R $ 48 Billion in Loans

The Federal Government launched the Credit Incentive Program (PEC) with the objective of stimulating bank loans to individual microentrepreneurs (MEI), micro and small businesses and rural producers, with annual gross income of up to R $ 4.8 million.

Capital Emprendedor Boosts Connection Between Small Innovative Businesses and Investors

The investment environment in innovative business has evolved in recent years in Brazil, leading the country to rank among the 10 countries with the largest number of startups valued above US$ 1 billion in the market, the so-called unicorns. With the increased appetite of investors and the number of players in the ecosystem, small business owners must also prepare to attract investments, whatever the maturity of the business.

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Government Highlights Importance of Small Business in Canadian Recovery at CanadianSME Small Business Expo

Minister of Small Business, Export Promotion and International Trade, joined 1,500 business owners, organizations and industry leaders from across Canada to kick off CanadianSME’s Small Business Expo 2021.The Minister highlighted the government’s continued support of small and medium-sized enterprises, discussing the emergency supports that have helped them pay their bills and keep employees on the payroll during the pandemic. Minister Ng also spoke about the work being done to support small businesses in making a strong economic recovery, calling attention to the Canada Recovery Hiring Program that will help Canadian businesses hire more workers or increase the hours and compensation of existing employees.

Government Announces Shop Local Investment Benefiting Canada’s Small Businesses

Shop Local, a Canada-wide investment of $33 million to encourage Canadians to shop locally, was launched. Nearly $9 million of that total will be invested in Ontario, through the Ontario Chamber of Commerce, to support businesses in reopening and staying open so they can thrive as the economy recovers. The funding will be provided through provincial and territorial chambers of commerce to support awareness-building campaigns that promote consumer confidence and local businesses. The amount of funding allocated to each chamber is based primarily on the percentage of small businesses in its region.

Government Announces a Call for Applications for Stream 1 of the Canada Digital Adoption Program

Government launched a call for applications for the Canada Digital Adoption Program’s (CDAP) first stream, Grow Your Business Online. Announced in Budget 2021, the CDAP is an investment of $4 billion and will be comprised of two streams, with stream 2, Boost Your Business Tech, also including $2.6 billion in zero-interest loans to help Canadian businesses adopt new technologies. The first stream will award funding of up to $336.8 million to not-for-profit organizations to support small businesses as they adopt digital technologies such as digital storefronts and e-commerce platforms, and expand their digital presence.

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Mincomercio and Bancóldex Finance Sustainable Economy Projects With Resources of About $ 30 Million

This is the "Sustainable Adelante" line of credit, which seeks to support initiatives in the circular economy, bioeconomy, and mitigation and adaptation to climate change. Companies from all economic sectors that have this type of project will be able to benefit. The credits will have the backing of the National Guarantee Fund (FNG).

The initiative seeks to leverage the recovery of Colombian companies, by strengthening their investments in sustainable development, since the reactivation of the economy will only be possible if the resilience and sustainable capacities of companies are strengthened.

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Dominican Republic

Nestlé and MICM Will Train Participants of the Plan Barrio program

Nestlé Dominicana and the Ministry of Industry, Commerce and MSMEs (MICM) launched the “Nestlé-MICM Plan Barrio Training Program”, with which they will continue to support the partners of the Plan Barrio program, seeking to provide tools for their development. personal and professional.

Through a strategic alliance with the MICM, the program will allow participants to receive training on financial education, digital marketing, formalization, associativity and sustainability, with specialists in these areas from the MSMEs of this ministry.

MICM and the European Union Train MSMEs in the Gastronomic Sector in Cleaner Production

The Ministry of Industry, Commerce and Mipymes (MICM) and the European Union (EU) began a series of trainings in Cleaner Production and Circular Economy applied to the Gastronomic Industry, with the aim that restaurants implement measures that reduce the environmental impact of their activities and optimize your resources.

The initiative to support MSMEs in the gastronomic sector includes six workshops on sustainable production and waste management; two have already been held with the participation of more than 35 members of the sector.

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El Salvador

Inter-institutional Cooperation Agreement Signed

An Inter-institutional Cooperation Agreement between the National Commission for Micro and Small Enterprises (CONAMYPE) and the Salvadoran Institute for Cooperative Development (INSAFOCOOP) for the promotion and creation of cooperatives has been signed.

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More Funding Support for MSMEs

Micro, small and medium-sized enterprises (MSMEs) are now able to access $675 million in additional funding support from the Government, under the new 4.75 per cent MSME Loan Programme. The facility, which was officially launched on June 24, is being spearheaded by the Ministry of Industry, Investment and Commerce, through portfolio agency the National Export-Import (EX-IM) Bank, in tandem with Jamaica National Small Business Loans Limited (JNSBL).

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Capitalization for the Implementation of Business Plans for Leading Families of Telica, León

The Government of Reconciliation and National Unity, through the Ministry of Family, Community, Cooperative and Associative Economy, capitalizes families that are members of the Association "El Porvenir", of the municipality of Telica, in the department of León, with the delivery of equipment, utensils and materials for the establishment of their business plans, with an investment of C $ C $ 115 thousand Córdobas.

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Ampyme Delivers Seed Capital to Indigenous Entrepreneurs

A group of 25 entrepreneurs from the Emberá Querá indigenous community received Seed Capital from the Micro, Small and Medium Enterprise Authority (AMPYME) that will allow them to start and reactivate their economic activities. The residents of this area are basically engaged in tourism and other related activities such as the sale of handcrafts, the sale of food; they also practice subsistence agriculture and fishing.

With the capital contributed, the beneficiaries will reactivate their tourism, restaurant, refreshment and chicken farming businesses.

IPHE and Ampyme Sign Technical Assistance Agreement

The Panamanian Institute for Special Habilitation (IPHE) and the Micro, Small and Medium Enterprise Authority (AMPYME) signed a Framework Agreement for Cooperation and Technical Assistance, with the aim of carrying out training projects for the generation of jobs and economic recovery.

The objective of the agreement is to develop programs through an academic, business, technological, scientific and inter-institutional approach, for the benefit of both entities, especially the teaching staff, administrative officials, students with disabilities and their families.

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Act of Commitment Signed

An industrialized MSME in the rubber sector, Regopar SA, expanded production by targeting international markets, through access to the Ministry of Industry and Commerce Competitiveness Program

MIC Continues with its Distance Training Program Aimed at MSMEs

These courses are aimed at micro, small and medium-sized companies interested in focusing their ideas and promoting their products, acquiring knowledge related to the commercial and administrative management of their micro-enterprises.

National Award MIPYMES 2021 already has 930 registered microenterprises

To date, there are about 930 microenterprises registered to participate in the third edition of the National MIPYMEs Award, organized by the Project for Strengthening the Capacity of MSMEs in Paraguay (FOMIPYMES), implemented thanks to a joint agreement between the Technical Mission of Taiwan and the Ministry of Industry and Commerce (MIC).

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Executive Promulgates Law that Facilitates Access to Liquidity for PYMEs Promoted by Produce

The Executive Power promulgated Law No. 31248, promoted by the Ministry of Production, whose objective is to make the Emergency Decree No. 013-2020 viable as a liquidity tool for MSEs through purchase orders and services with the Government, as well as other modifications that impact alternative financial instruments.

Produce: Purchases from MYPErú Becomes a National Program

Purchases from MYPErú becomes a national program that in the first five years expects to have as suppliers at least 20,700 MSMEs, in the processes of public purchases of goods for governmental institutions, for S / 2,400 million, generating more than 186,300 direct and formal jobs.

Produces: "Productive Digital Route" Will Reactivate the Economy of 5000 MSMEs

In order to contribute to the acceleration of the adoption and transformation processes in digitization of the country's productive sectors, the Ministry of Production (Produce) launched the “Productive Digital Route” (RM No. 170-2021-PRODUCE), with which it is projected to benefit 5,000 MYPE by July 2021.

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The Bahamas

58% Increase in Small and Medium-sized Enterprises (SMEs) Between 2017 and 2020

The Government’s commitment to investing in private sector growth has been exhibiting positive results as the Ministry of Finance reports a 58% increase in small and medium-sized enterprises (SMEs) between 2017 and 2020. With the help of targeted investments to grow the sector, an additional 13,986 SMEs have opened their doors, increasing economic activity and creating new jobs in the process.

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United States

The U.S. Small Business Administration’s Office of Women’s Business Ownership Hosted a Women in Business Roundtable

The SBA strengthened existing and built new relationships with national organizations committed to supporting women in business and other federal agencies committed to women’s economic empowerment.

SBA Awards Humboldt State University Over $258,000 to Launch a Veterans Business Outreach Center

The U.S. Small Business Administration awarded over $258,000 in funding to Humboldt State University to provide training and counseling as a Veterans Business Outreach Center (VBOC) serving veteran small business owners in Northern California (to include all counties north of Santa Barbara, Ventura, Los Angeles, and San Bernardino counties).

SBA Announces Extension of $100 Million Grant ‘Community Navigator Pilot’ Program Proposals to July 23, 2021

The U.S. Small Business Administration announced the extended application date for its new Community Navigator Pilot Program. SBA will now accept proposal submissions through July 23, 2021, and anticipates making award decisions by September 2021. This new initiative, established by the American Rescue Plan Act of 2021, will leverage a community navigator approach to reach our nation’s smallest businesses, with a priority focus on those owned by socially and economically disadvantaged individuals, as well as women and veterans.

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MIEM Calls for Cooperative Projects to Apply for Non-reimbursable Funds

The Ministry of Industry, Energy and Mining (MIEM), through its National Directorate of Crafts, Small and Medium Enterprises (DINAPYME) and INACOOP, call cooperatives, rural development societies, agricultural cooperatives and federations of cooperatives linked to industrial activity to apply for non-reimbursable funds.

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      International and Regional Organizations

Economic Commission for Latin America and the Caribbean (ECLAC)

Tourism in Central America and the Dominican Republic in the face of digital technologies. Challenges and opportunities for MSMEs

Digitization and technological change in agricultural and agro-industrial MSMEs in Latin America (In Spanish)

Organization of American States (OAS)

  • VII Inter-American Dialogue of High-Level MSME Authorities

    The VII Inter-American Dialogue of High-Level MSME Authorities “Public Policies, Programs, and Solutions for the Post-COVID Economic Recovery of Micro, Small and Medium-sized Enterprises (MSMEs),” will take place virtually on September 9-10, 2021.

    The objective of the Dialogue is to exchange knowledge, experiences and good practices and identify concrete opportunities for cooperation to support the competitiveness, innovation and internationalization of MSMEs and their post-COVID recovery.

  • OAS-WhatsApp Business Partnership for MSMEs

    The OAS-WhatsApp Business Partnership for MSMEs was recently launched as part of the OAS MSME Digitalization Program. Train-the-Trainer sessions have been organized within the framework of this program.



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