Home / Knowledge / News / Textiles / IDB fund approves technical cooperation grant

IDB fund approves technical cooperation grant

Feb '07
The Inter-American Development Bank's Multilateral Investment Fund announced the approval of a US$801,500 technical cooperation grant for a program to promote the survival and competitiveness of family businesses in the central region of Argentina.

The program will help family businesses in the provinces of Cordoba, Entre Rios and Santa Fe to professionalize their management. Activities will include raising awareness of the special problems faced by family businesses and tools to address them; training of consultants and entrepreneurs; and introduction of family charters and governance tools in family businesses. Lessons learned from this process will be documented, evaluated and disseminated.

“There are currently an estimated 900,000 small and medium-sized enterprises in Argentina, of which nearly 59,000 are formally incorporated in the central region of the country,” said IDB Team Leader Svante Persson. “Approximately 85% of businesses in the central region are family-owned.”

“Family businesses face survival difficulties and only one-third reach a second generation,” added Persson. “Lack of professionalism and organizational structure keeps them from growing and jeopardizes their survival. There were no services up to now to advice them on how to institute transparent management practices and ensure their continuity.”

Universidad Siglo 21, a University based in Cordoba, will be in charge of the project and will appoint execution entities in Entre Rios and Santa Fe. The initiative targets the specific needs and demands of small and medium-sized family-owned enterprises to address the problems of succession and management via the introduction of good corporate governance practices and a family charter to govern the business relationship.

Must ReadView All

Pic: ADB

Textiles | On 28th Sep 2021

ADB approves $250-mn loan to support Bangladesh’s economic recovery

The Asian Development Bank has approved a $250-million policy-based...

Pic: The Microfibre Consortium

Textiles | On 28th Sep 2021

New pledge for zero impact from textile fibre fragmentation by 2030

The Microfibre Consortium executive director Sophie Mather has...

Pic: Shutterstock

Textiles | On 28th Sep 2021

US firms foresee growth potential in China, expanding there: Survey

Despite US-China tensions and increasing competition from local...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Fabric selection & recommendation based on client's brief

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Erwin Devloo,

Erwin Devloo

The Picanol Group is a diversified industrial group active worldwide in...

Rajesh Vohra,

Rajesh Vohra

A part of the Italy based multinational company Artsana Group, Chicco is...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

 Natacha Defeche, Edana

Natacha Defeche

Since 1971, EDANA, the International association serving the nonwovens and ...

Thomas Ong P S, NanoTextile

Thomas Ong P S

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Gaurang Shah, Label Gaurang Shah

Gaurang Shah
Label Gaurang Shah

Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

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


Leave your Comments

September 2021

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

Advanced Search