WBCSD
IDB Fund Supports Inclusive Business Development in Peru and Ecuador
(Para la versión en español de este artículo, véase el comunicado de prensa del BID)
The Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB) today announced approval of financing for two non-reimbursable technical cooperation projects in Peru and Ecuador, totaling US$1.6 million and US$1.5 million, respectively. Both projects will target inclusive business development at the base of the economic pyramid in order to boost income and employment levels for the low-income population. The two projects will incorporate low-income entrepreneurs into the value chain of private-sector enterprises.
More than 5,250 micro and small enterprises in Peru will receive technical assistance and training enabling them to participate in the value chains of seven anchor businesses committed to the project. Beneficiaries in Ecuador will include more than 4,850 micro and small enterprises that will be incorporated into the value chains of seven other anchor businesses.
The executing agencies for the projects will be the Peru and Ecuador offices of SNV Netherlands Development Organisation. Country counterpart financing will total about a million dollars for each country.
The Multilateral Investment Fund (MIF) of the Inter-American Development Bank (IDB) today announced approval of financing for two non-reimbursable technical cooperation projects in Peru and Ecuador, totaling US$1.6 million and US$1.5 million, respectively. Both projects will target inclusive business development at the base of the economic pyramid in order to boost income and employment levels for the low-income population. The two projects will incorporate low-income entrepreneurs into the value chain of private-sector enterprises.
More than 5,250 micro and small enterprises in Peru will receive technical assistance and training enabling them to participate in the value chains of seven anchor businesses committed to the project. Beneficiaries in Ecuador will include more than 4,850 micro and small enterprises that will be incorporated into the value chains of seven other anchor businesses.
The executing agencies for the projects will be the Peru and Ecuador offices of SNV Netherlands Development Organisation. Country counterpart financing will total about a million dollars for each country.
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