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MSME Clearinghouse:  Newsletter

arrow OAS MSME Newsletter: (May 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


Argentina

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.


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Barbados

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.

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Bolivia

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.


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Brazil

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.

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Canada

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.

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Colombia

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.


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Dominican Republic

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.


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Eastern Caribbean

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.


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Ecuador

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.

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El Salvador

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).

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Guatemala

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.


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Jamaica

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.

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Panama

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.

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Paraguay

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.

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Peru

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.


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United States

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.

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Uruguay

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.

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      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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