This paper presents a conceptual framework for explaining Credit Unions (CUs) loan delinquency and profitability in developing countries. It also offers an empirical estimation for a unique sample of CUs in Latin America.

This paper analyzes the effectiveness of public credit lines in promoting the performances of Brazilian firms. We focus on the impact of the credit lines managed by BNDES and FINEP in fostering growth measured in terms of employment, labor productivity and export. For this purpose, we use a...

This paper studies three horizontal policy instruments and two vertical ones in Chilean industrial policy, particularly regarding small and medium enterprises (SMEs). The horizontal instruments are (1) a guarantee program for borrowing by SMEs (FOGAPE), (2) a small subsidy to new exports that...

This paper proposes a conceptual framework for understanding and analyzing how business regulations affect small and microenterprises. In doing so, it also makes a case for why particular attention should be paid to the process of initial registration of businesses and why this is a promising...

The IDB Group, guided by its Strategy for Microenterprise Development, has made the creation of a sustainable market of services to the sector one of its most important priorities during the past decade. This report presents an overview of the contributions the IDB has made to the...

A functional weakness of the training market is the extreme difficulty with which potential purchasers of "training" can gauge the quality of training programs in advance of payment. However, no training provider would allow a customer to delay payment of course fees until the course has been...

This document describes the efforts of the Department of Labor of Rio de Janeiro to build a comprehensive institutional framework focused on the promotion of a long run, micro-firm based local economic development model and to create a path to sustainable economic growth, job creation and...

This paper examines each major element of the village banking technology and how it has been liberalized so far, particularly in four leading Latin American village banking institutions: FINCA Nicaragua, Pro Mujer Bolivia, Compartamos (in Mexico), and CRECER (in Bolivia). It then analyzes how...

This documents explains the basic principles and concepts of the Business Development Centers (BDC) model of Swisscontact, a company providing professional and vocational training, environmental protection and small enterprise development in 25 countries in Latin America, Eastern Europe, Africa...

This study focuses on how Latin America¿s small and medium-sized enterprises (SMEs) can participate in global markets in a way that provides for sustainable growth. In addition, it study analyzes the impact of collective efficiency on clusters upgrading and undertakes an investigation of the...