San Jose, April 17, 2020. Costa Rican micro, small and medium-sized companies in the agricultural, food, industrial and services sectors affected by the global crisis as a result of Covid-19 will have the opportunity to continue developing their operations.
The Relief Program, an interagency effort brought about by the Costa Rican Foreign Trade Promoter (PROCOMER), the Development Banking System (SBD) and the National Learning Institute (INA), seeks to mitigate the negative impact the pandemic will have on our economy.
The Relief Program is a platform that will provide 200 companies with a series of tools chosen by the three institutions participating in this initiative, the same institutions who have come together to offer their expertise, based on the nature of the work they carry out and who granted a total of $5.6 million to the project.
To opt for these funds, designated to stabilize companies affected by the global crisis following the pandemic and support their processes of productive reconversion, stakeholders must meet a series of requirements and undergo a rigorous evaluation by the institutions, who will choose the 200 beneficiaries. The selection process includes:
Pilar Garrido, Minister of Planning and coordinator of the economic team, stated that “the Government has promoted a series of measures that not only cater to those whose income has been affected, but also seek to ease the burden on the productive sector during this transition and, simultaneously safeguard, as much as possible, the fiscal health of the Treasury.”
She went on to say that “the approach must include protecting the productive fiber of our country to transition towards reactivation. With limited resources, it is important to implement creative initiatives between, different agencies and the private sector, as President Alvarado has indicated.”
According to Dyalá Jiménez, Minister of Foreign Trade and president of the Board of Directors of PROCOMER, this interagency alliance is designed to be a tool of continuity for the export sector. “This crisis is going to affect every industry in the country, and we want to anticipate that impact and support 200 micro, small and medium-sized companies, which is what we can do right now.”
She noted that “80% of exporters are SMEs and the export sector generates 30% of national employment. We cannot let this engine of the economy lose its drive! Therefore, our priority is to support it, so that it can sustain direct and indirect employment, and this can only be done if companies continue to operate.”
Victoria Hernández, Minister of Economy, Industry and Commerce and President of the Governing Council of the SBD, highlighted the institutional strength that allows a timely response to the challenges the country is facing due to the COVID 19 health emergency. “The Development Banking System has managed to deftly develop a program, in conjunction with PROCOMER, one of its Accredited Operating Agencies, that will help reactivate and reconvert the beneficiary SMEs so that they can face the challenges of the new world reality brought on by COVID – 19 ”.
Andrés Valenciano, Executive
President INA, explained that “the
business support that INA will provide is highly strategic to ensure that the
financial resources granted to SMEs are used in the best way, allowing
companies to transform towards a new post COVID-19 reality.”
He went on to specify that “the hiring of experts allows us to advise hundreds of SMEs to help them navigate this emergency and prepare them to compete globally, helping with job creation and the growth of the economy.”
Learn more about the Relief Program at www.programaalivio.com.
Based on thisNews, at which level will you recommend it to other exporter?
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