By Loan for $30 million to help expand access to credit for small and medium-size enterprises
The Dominican Republic will increase productivity for micro-, small, and medium-sized enterprises (MSMEs) with the help of a loan for $30 million from the Inter-American Development Bank (IDB).
The project seeks to increase productivity for MSMEs by facilitating access to medium- and long-term credit, and to improve the management of MSMEs and the public sector support they receive.
Ninty-seven percent of Dominican enterprises are MSMEs, and these account for 30 percent of the country's gross domestic product and more than two million jobs. By targeting MSMEs, the program will help to increase the country's sustainable economic growth.
The project will create a credit fund supported by a guarantee fund
