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08 January 2009

MIF approves US$10mn SME innovation program

The Multilateral Investment Fund (MIF) has approved a US$10mn grant to support an information and communication technology (ICT) program for e-business and small and medium-sized enterprise development in Latin America, MIF parent organization, the Inter-American Development Bank, said in a statement.

The program, known as ICT4BUS-II, will consist of individual pilot projects executed by selected institutions in Latin America and the Caribbean with the objective of improving the competitiveness of SMEs in the region by expanding their access to innovative ICT solutions and services.

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