LatinNews Daily - 30 January 2020

* The Inter-American Development Bank (IDB) has announced a US$20m loan to support micro and small businesses (MSEs) in El Salvador. According to an IDB press release, the programme, which will provide access to credit under better term conditions, expects to benefit a total of 2,000 MSEs, of which at least 400 are headed or owned by women and 400 more are located in highly marginalised municipalities. It will be executed by the agricultural development bank (BFA) and will focus on investment productive projects. The IDB highlights the importance of the programme due to the fact that MSEs have “a tremendous impact” on economic activity in El Salvador. It cites official figures according to which the sector represents 35% of national GDP, 99.3% of all businesses and are responsible for generating 67.6% of the country's employment.

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