FAI urges monetary authorities to finance factoring operations

The Federation of Industrial Associations (FAI) has urged monetary authorities to speed up the approval process for banks to finance the operations of factoring, which would prevent many small businesses go bankrupt for lack of working capital, because of delays in payments.

IFC agrees deal with La Nacional to increase access to SME financing

The International Finance Corporation (IFC) has announced a cooperation agreement with Asociación La Nacional to strengthen its risk management and corporate governance practices, and consolidate its strategic planning to better serve the low income housing and small and medium enterprise (SME) sectors in the Dominican Republic.