December 24, 2018 0 comment admin
USAID microenterprise programs improve the lives of the very poor, helping them to: recover from shocks such as a flood or death in the family; protect themselves against risks such as illness or drought; and steady home food and family purchases so that they have the ‘breathing space’ that allows them to work to graduate themselves out of poverty.
The Multilateral Investment Fund of the IDB Group is the leading provider of technical assistance for the private sector in Latin America and the Caribbean. The MIF, or FOMIN as the fund is known in Spanish, is also one of the region’s biggest investors in microfinance and venture capital funds for small businesses. Projects to be financed should increase access to finance, markets and capabilities and basic services .
The EU combines different types of support to countries in need. It provides funding in the form of grants to support projects and organisations furthering its development objectives. It also offers public contracts and provides budget and sector support.
CDB responds to the needs of its Borrowing Member Countries through a range of programmes, designed to support economic and social development throughout the Region. The programmes provide technical assistance and grant funding, among other things, and in some cases, are supported in collaboration with other development partners.