Thursday, March 5 2009

The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) Group, will host in-person presentations in The Bahamas, Barbados, Belize, Jamaica, and Trinidad and Tobago to launch the FINPYME programme in the Caribbean. FINPYME is an innovative diagnostic review designed to empower small- and medium-size businesses by giving them the tools they need to become more competitive and improve their access to potential sources of financing.

The IIC has collaborated with business schools from selected universities in the region to train professors in the unique FINPYME methodology specifically designed to effectively help small- and medium-size enterprises grow and develop. FINPYME then partners these trained professors with eligible businesses in the region to carry out a comprehensive analysis of the company and compile the findings in a report for the business owners. In addition, the IIC has developed a programme to offer participating businesses technical assistance in order to address vulnerabilities discovered in the diagnostic review.

The TT launch takes place on March 10 at the Hyatt Regency.

FINPYME is a free, business-friendly initiative that provides small- and medium-size enterprises access to the types of diagnostic tools that large corporations use to collect and analyse data about their operations, identify weaknesses, and define actions for improvement.

This programme represents the IIC’s commitment to provide value-added services to private-sector organisations in the region.

The programme in the Caribbean is free of charge to participating companies given the financial support of two key IIC donor countries: the Republic of Korea, and Austria.



For additional information on the program please visit www.finpyme.org.