“This is an innovative program because it is the first financial option offered in Latin America and the Caribbean to tackle the special problems faced by this specific type of enterprise,” added Persson. “It will also institute corporate governance practices adapted to the country's legal framework.”
MIF, an autonomous fund administered by the IDB, supports private sector development in Latin America and the Caribbean, focusing on microenterprise and small business. Local counterpart funds will match MIF resources.
Inter-American Development Bank
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