The Inter-American Development Bank will finance eight new projects as a result of its first call for proposal to enhance registration procedure and promote sound business management in Latin America and the Caribbean, IDB announced in a press release.
Of the 199 proposals from 17 countries, only eight entries were selected, three of which are activity-based initiatives receiving 125,000 euros (USD158,000) each, and the remaining five are research projects with funding of 15,000 euros each.
The request for business plans ran from Dec. 12, 2009, through Feb. 15, 2010. The Better Conditions for Productivity or MAP, which uses IDB funds and the General Trust Fund of Spain, made the call and intends to issue a second call for business proposal in June 2011.
