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arrow OAS MSME Newsletter: (November 2022):

Country Policy Responses

Antigua and Barbuda

2nd Cohort of the Academy for Women Entrepreneurs Antigua and Barbuda (AWE) Program

AWE seeks to promote economic prosperity by creating opportunities for women with brilliant ideas to become successful entrepreneurs.

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Government negotiates in Washington a loan with the World Bank for USD 200 million for productive projects from Argentine SMEs

The international funding would be executed by the Argentine Development Bank (BICE) and quadruples a previous line of USD 50 million that was placed in its entirety between 2021 and 2022.

Government promotes better access to the US for exports from regional economies and Argentine SMEs

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More than 50 micro and small entrepreneurs trained in access to international markets

The Ministry of Foreign Affairs through the Vice Ministry of Foreign Trade and Integration, in coordination with Pro Bolivia, carried out the training course on access to international markets "directed to SMEs, with the purpose of generating an export mentality in micro and small businessmen and women, so that they can take on the challenge of exporting, looking for opportunities, demonstrating that they are up to the task and that they have quality products that the international market demands.

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Entrepreneurship takes on a strategic role in building new paths in communities in need

The carioca funk group “Os Hawaianos” were the highlight of the penultimate day of Campus Party Brasil 2022. In a mix of interview, lecture and workshop, the members talked about entrepreneurship and art.

Entrepreneurial education is one of the 'engines' of development

Entrepreneurial education is essential to change paradigms and foster a culture of innovation and development. This is the concept that guides the partnership between Sebrae and Instituto Ideias de Futuro in the implementation and management of the Desafio Liga Jovem project, launched at Campus Party Brasil, in São Paulo.

Inclusion and entrepreneurship go together to empower young people in the digital world

Digital inclusion is a way of guaranteeing the future development of society and young people's participation is essential in the process. Given this premise, initiatives such as the Young League Challenge, by Sebrae, are at the forefront of knowledge dissemination and confirm the importance of information as an engine of development itself.

Female entrepreneurship is the highlight of Global Entrepreneurship Week 2022

Sebrae launches Market Intelligence Portal at Rio Innovation Week

During Rio Innovation Week, Sebrae Rio launched the Market Intelligence Portal. The portal, which took 10 months to prepare and build, aims to offer entrepreneurs from the most diverse sectors relevant information on consumer behavior and market trends. The site offers free access and has trend bulletins, intelligence reports, studies, success cases, infographics, videos, podcasts and articles.

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Pilot program will teach entrepreneurs from five regions to speak English so they can serve tourists or internationalize

The network of Sercotec Business Centers and the United States Embassy will implement an English language training plan that will teach 100 beneficiaries for three months.

Sercotec promotes new calls for $1,440 million for the Biobío Region

To support micro and small companies, ventures and SME groups in the Biobío Region, Sercotec promotes three new calls for $1,440 million for this last quarter, approved by the Regional Productive Development Committee.

Sercotec Civil Society Council discusses development of SMEs and public procurement

A new session of Sercotec's Civil Society Council (Cosoc) was held. This space for citizen participation seeks to deepen and strengthen the relationship between civil society and State bodies.

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Dominican Republic

MICM launches Entrepreneurship Network at the opening of the Global Entrepreneurship Week

The Minister of Industry, Commerce and MSMEs led the launch of the National Entrepreneurship Network (RD Emprende), aimed at promoting a culture of entrepreneurship and innovation as a way of thinking and acting, ensuring competitiveness.

MICM and Banreservas sign an agreement to boost competitiveness and productivity of MSMEs

The Ministry of Industry, Commerce and MSMEs (MICM) and Banco de Reservas signed an agreement to boost the competitiveness and productivity of micro, small and medium-sized enterprises and to provide them with financial education and digital transformation to boost their development.

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El Salvador

$43,770.47 to enhance production capacities in SMEs.

The Government of El Salvador, through the National Commission for Micro and Small Enterprises (CONAMYPE) in coordination with the Ministry of Economy (MINEC), delivered $43,770.47 to strengthen production in MSMEs of prioritized production chains.

"ExportaSV National Forum" to train micro and small enterprises in the country in export culture.

The Government of El Salvador through the National Commission for Micro and Small Enterprises (CONAMYPE) held the "National Forum ExportaSV", through which it seeks to form the export culture in SMEs.

Specialized advice to agribusiness on export issues.

Specialized advice, through the Export Unit, in aspects related to the organization for export.

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Economic Development and META will train Hondurans in digital skills

Result of a strategic Alliance between the Government of Honduras through the Secretariat of Economic Development (SDE) and the company META (formerly known as Facebook) within the Call to Action framework of the Vice President of the United States and the support of Partnership for Central America, training will begin through virtual courses that Facebook will offer for Honduran entrepreneurs.

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MSMEs Get Support Through NQA Mentorship Programme

The Bureau of Standards Jamaica (BSJ) continues to support micro, small and medium-sized enterprises (MSMEs) in achieving business success, through the National Quality Awards (NQA) mentorship programme. The mentorship programme, initiated by the BSJ, was created under the NQA programme and aims to support MSMEs that participated in the NQA programme to standardise their operations.

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Cooperation agreement between USMA and Ampyme

A cooperation agreement between the Santa María La Antigua University (USMA) and the Micro, Small and Medium Enterprise Authority (Ampyme) was signed at the headquarters of the governing institution of this sector of the economy. The agreement will allow joint work in favor of the students of this university center and entrepreneurs from all over the country.

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MIC Business Capacities Improvement Project, provides technical assistance to micro, small and medium-sized enterprises in Ñeembucú

The Ministry of Industry and Commerce (MIC), through the Business Capacities Improvement Project (PMCE) , executed by the Vice Ministry of MSMEs and financed by the Inter-American Development Bank (IDB), presented beneficiaries from the department of Ñeembucú and the consultant assigned to the MSMEs benefited from Technical Assistance with Emphasis on Strategic Financial Management for Credit Repayment and Company Strengthening.

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SMEs participated for the first time in Cyber Wow and achieved sales of more than S/ 100 thousand

A total of 85 Peruvian SMEs from the textile and clothing sector successfully completed sales of more than S/ 100,000 soles, during the three editions of Cyber Wow 2022, which has contributed to the economic reactivation of the sector, according to the Ministry of Production – PRODUCE.

Arequipa: VII Produce Business Roundtable generated more than S/ 2.3 million in negotiations

To continue supporting micro, small and medium-sized enterprises (MSMEs) at the national level, the Ministry of Production (PRODUCE) carried out the VII Business Roundtable in the Arequipa region, generating more than S/ 2,388 million of soles in negotiations.

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60 Micro Small and Medium-sized Enterprises in Suriname to Gain Support to Access Regional Markets

A new project financed by the European Union (EU) and the Caribbean Development Bank (CDB) is set to provide 60 micro, small and medium-sized enterprises (MSMEs) in Suriname with skills and strategies that will strengthen their export capabilities for entry to new regional markets.

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Government presented Uruguay Innovation Hub, a program that seeks to position the country as a pole of innovation

It is a new program that seeks for Uruguay to take a leap as a pole of regional and global innovation. The inter-institutional and public-private initiative, which was presented within the framework of the Test & Invest event organized by the IDB and the Government, will consist of three components: a program to attract and accelerate national and international startups; the attraction of investment funds after the seed capital, leveraged with public funds and through competitive calls; and the installation of open laboratories.

Meta will train youth in augmented reality with the support of the Government of Uruguay and the IDB

The social technology company Meta (ex Facebook), with the support of the Ministry of Industry, Energy and Mining (MIEM), the Inter-American Development Bank (IDB), the Technological University (UTEC) and The Electric Factory launched a call for people over 18 years of age from all over the country are trained in augmented reality technologies. Young people from all over Uruguay will be able to register and train at no cost in the training program. Those who are part of the program will learn to create augmented reality filters on Facebook and Instagram to boost their businesses or apply them to job opportunities.

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