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IDB loan for Paraguay to support exports
16 Nov '07
2 min read
The Inter-American Development Bank announced the approval of a US$10 million loan for a program to support exports in Paraguay.
The program will boost the exports of participating sectors and firms and it will promote a sustainable increase in the growth rate of the country's exports. This initiative will strengthen the public institutional export system and it will provide direct support to business projects carried out in the context of sector and business export strategies.
"The project will improve the institutional capacity of the Paraguayan Investments and Exports Network (REDIEX) and the public and private actors involved in sectoral export committees, to identify export opportunities at the country and sector levels," said IDB project team leader Gabriel Casaburi.
"It will also promote the development of coherent sector export strategies for each priority sector in line with these opportunities, coordinate relevant actions for implementing the sector strategy, and help the firms develop medium-to long-term export plans."
The program will cofinance actions at the sector and the enterprise levels to strengthen the export capabilities of the firms. Direct support to sectors will also include actions that will have a significant impact on competitiveness of all firms in a given sector, such as developing "country brands", creating marketing consortia, or fostering joint foreign market research efforts.
The Ministry of Industry and Trade will carry out the program. Local counterpart funds will total US$1.15 million.
The program will boost the exports of participating sectors and firms and it will promote a sustainable increase in the growth rate of the country's exports. This initiative will strengthen the public institutional export system and it will provide direct support to business projects carried out in the context of sector and business export strategies.
"The project will improve the institutional capacity of the Paraguayan Investments and Exports Network (REDIEX) and the public and private actors involved in sectoral export committees, to identify export opportunities at the country and sector levels," said IDB project team leader Gabriel Casaburi.
"It will also promote the development of coherent sector export strategies for each priority sector in line with these opportunities, coordinate relevant actions for implementing the sector strategy, and help the firms develop medium-to long-term export plans."
The program will cofinance actions at the sector and the enterprise levels to strengthen the export capabilities of the firms. Direct support to sectors will also include actions that will have a significant impact on competitiveness of all firms in a given sector, such as developing "country brands", creating marketing consortia, or fostering joint foreign market research efforts.
The Ministry of Industry and Trade will carry out the program. Local counterpart funds will total US$1.15 million.
Inter-American Development Bank
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