Home / Knowledge / News / Peru & Ecuador business development thru IDB fund
Peru & Ecuador business development thru IDB fund
Jan '08
The Multilateral Investment Fund of the Inter-American Development Bank announced approval of financing for two on-reimbursible 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.

"Inclusive business development is an area that seems very promising to us as a mechanism for creating new economic opportunities by incorporating people with low incomes into the value chains of big businesses in a sustainable way," said IDB team leader Daniel Shepherd.

"In addition, these initiatives facilitate strategic private-sector participation in solving problems connected to poverty, while also promoting market access for the population at the bottom of the economic pyramid."

Must ReadView All

Textiles | On 18th Jan 2017

China lays out plan to boost foreign investment

The Government of China has outlined measures to boost foreign...

Prime Minister Theresa May speaking on the UK government's negotiating objectives for exiting the EU. Courtesy: UK government

Textiles | On 18th Jan 2017

UK to pursue trade agreements with other countries

The United Kingdom will pursue free trade agreements with the EU and...

Courtesy: IMF

Textiles | On 18th Jan 2017

Risks to global growth outlook skewed to downside: IMF

Risks to the global growth outlook are two sided but are assessed to...

Interviews View All

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search