ONLINE EVENT: After the Vote—What’s Next for Mexico’s Judiciary?

Live Now
Linkedin-in Youtube Facebook-f

LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

April 3, 2023

Will a New Credit Line Help Chile’s Small Businesses?

Chile’s government last month signed a deal for a credit line to help develop small and medium-sized businesses. Chilean Finance Minister Mario Marcel said the plan will also encourage sustainable development. // File Photo: Chilean Government.

Q

  • Chile’s government and the Inter-American Development Bank signed an agreement for a $1 billion line of credit to promote the development of small and medium-sized businesses, the South American country’s finance ministry said March 19. The IDB said the plan aims to “increase productivity and promote sustainable development,” and Chilean Finance Minister Mario Marcel said the initiative would seek to promote sustainable development in the areas of finance and climate action. How likely is the program to accomplish its goals? Is the money being used in the right places? How important are small and medium-sized enterprises to Chile’s economic growth?

A

Kathleen C. Barclay, director of AmCham Chile: “The line of credit is part of a broader strategy by the Chilean government to promote small and medium-sized business focused on innovative and transformative enterprises involving financial inclusion and mitigation of climate change, as well as internationalization. These businesses are expected to produce value-added change and employment typical of small and medium-sized business in general. While funds for established companies are generally available in Chile, financing for start-ups, particularly those that do not have fixed assets to offer as collateral, is not readily available. The utilization of the facility will be channeled through CORFO, the country’s development organization, over a period of 15 years. The IDB funds will partially seek to…”

Top News

IMF Approves Argentina’s Review and Disbursement
The International Monetary Fund’s executive board on Friday approved Argentina’s fourth review under its $44 billion loan program, allowing for the disbursement of $5.4 billion to the South American nation.
Mexico’s Growth Estimates Rise to up to 3% for 2023
Mexico’s gross domestic product could expand as much as 3 percent both this year and next, according to a copy of the government’s latest budget forecasts.
Taiwan’s Tsai Strengthens Ties With Guatemala
Taiwan’s President Tsai Ing-wen on Sunday completed a three-day visit in Central America, offering greater cooperation to Guatemala. The tour comes a week after Honduras severed ties with Taipei. // File Photo: Republic of China’s Government (Taiwan).

Complete editions of the Latin America Advisor are delivered on a biweekly basis to members of the Dialogue’s Corporate Program and other subscribers. Sign up below for a free complimentary preview subscription.

Subscribe

ABOUT THE LATIN AMERICA ADVISOR

The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.
Energy Advisor
Financial Services Advisor

Subscribers

the-dialogue-subscribers7
the-dialogue-subscribers6
the-dialogue-subscribers5
the-dialogue-subscribers4
the-dialogue-subscribers3
the-dialogue-subscribers2
the-dialogue-subscribers1

Staff

Gene Kuleta
Editor
202.463.2920
gkuleta@thedialogue.org

Jack Quinn
Reporter

jquinn@thedialogue.org

Lori Rampani
Reporter

lrampani@thedialogue.org

Subscribe

board of advisors

Diego Arria
Director,
Columbus Group

Merike Blofield
Professor of Political Science,
University of Hamburg

Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies

Joyce Chang
Global Head of Research,
J.P. Morgan

Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)

Peter Hakim
President Emeritus,
Inter-American Dialogue

Donna Hrinak
Director,
Adtalem Global Education

Jon E. Huenemann
Council Member,
GLG Inc.

James R. Jones
Chairman,
Monarch Global Strategies

Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
Professor of Political Economy,
Georgetown University

John Maisto
Director,
US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
Chairman,
McLarty Associates

Beatrice Rangel
Director,
AMLA Consulting

Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

Andrés Rozental
President, Rozental &
Asociados

Shelly Shetty
Managing Director,
Sovereigns, Fitch

Subscribe To
Latin America Advisors

* indicates required field

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The Inter-American Dialogue MEXICO Program

SUBSCRIBE TO OUR NEWSLETTER / SUSCRÍBASE A NUESTRO BOLETÍN:

* indicates required

The Inter-American Dialogue BRAZIL Program

SUBSCRIBE TO OUR NEWSLETTER / SUSCRÍBASE A NUESTRO BOLETÍN:

* indicates required

The Inter-American Dialogue Education Program

SUBSCRIBE TO OUR NEWSLETTER / SUSCRÍBASE A NUESTRO BOLETÍN:

* indicates required

Photo of money

Remittance Transfers in 2025: The Year in Review