Latin America and the Caribbean need to develop increasingly flexible and innovative financial products and services for the region s burgeoning small and medium enterprise sector, according to discussions held during the 15th Inter-American Forum on Microenterprise.
The President of the Inter-American Development Bank (IDB), Luis Alberto Moreno, has announced that the Bank will provide financing and technical advice to medium-size enterprises (MEs) in Latin America and the Caribbean seeking to establish or expand international operations.
Latin America has the highest regional participation in IFC's Global Trade Finance Programme (GTFP) worldwide in terms of the number of banks, countries and trade volume, according to IFC head of short term finance in Latin America and the Caribbean Antonio Alves.