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    IDB Backs Projects on Boosting SME's Credit Access

    By Ma. Rizza Leonzon // 24 February 2011

    The Inter-American Development Bank is offering financing to innovative projects that aim to improve access of Latin American and Caribbean small and medium-sized enterprises to credit.

    The funding forms part of the second call for proposals for the Better Conditions for Productivity program. IDB has selected six proposals out of the 235 it received from 15 countries in the second round. Projects to improve the capacity of firms will receive up to €125,000 ($172,183), while research projects will receive up to €15,000 each.

    The program supports research projects that seek to develop the private and financial sectors, improve the business environment, and promote government policies geared toward private sector competitiveness.

    Read more development aid news.

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    • Banking & Finance
    Printing articles to share with others is a breach of our terms and conditions and copyright policy. Please use the sharing options on the left side of the article. Devex Pro members may share up to 10 articles per month using the Pro share tool ( ).

    About the author

    • Ma. Rizza Leonzon

      Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.

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