IDB Backs Projects on Boosting SME's Credit Access

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.

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About the author

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    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.