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Competitiveness program to strengthen Panama public sector
14 Dec '07
2 min read
The program will also support export promotion services such as the identification of new markets and business opportunities, the preparation of business plans, marketing strategies, technological upgrades, the development of alliances and specialized technical assistance. These services will be available for all types of businesses.
A grant from the Japan Fund will help finance studies and activities to foster entrepreneurial development in indigenous regions, enabling their participation in export deals while ensuring that these processes do not diminish their cultural identities, natural resources or autonomy.
“This component will help link enterprises from these communities to local and international markets under conditions established by the indigenous peoples and their own organizations,” said IDB project team leader Martin Chrisney.
The new loan is for 20 years, with a four-year grace period and a variable interest rate. Panama will invest US$37,136,000 in first phase of the program while the private sector will contribute US$7,614,000. The IDB could consider a US$20 million loan for the second phase.
A grant from the Japan Fund will help finance studies and activities to foster entrepreneurial development in indigenous regions, enabling their participation in export deals while ensuring that these processes do not diminish their cultural identities, natural resources or autonomy.
“This component will help link enterprises from these communities to local and international markets under conditions established by the indigenous peoples and their own organizations,” said IDB project team leader Martin Chrisney.
The new loan is for 20 years, with a four-year grace period and a variable interest rate. Panama will invest US$37,136,000 in first phase of the program while the private sector will contribute US$7,614,000. The IDB could consider a US$20 million loan for the second phase.
Inter-American Development Bank
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