ANNUAL REPORT on Microenterprise Development 1999

By SDS/MSM (12/00, En, Es)

"Expanding Opportunities for Microenterprise"
1999 was a difficult year for many countries in Latin American and the Caribbean, as a financial crisis in emerging markets threw local economies into turmoil, and the effects from a series of natural disasters that struck many of the countries at the end of 1998 were still present (see Box 1). These problems increased hardship for the poor and slowed growth throughout the region. Despite these upheavals, the microenterprise development field in Latin America and the Caribbean continued to make strong progress. A growing range and depth of services to microenterprises further integrated microenterprises into the formal economy, expanding opportunities for the microenterprise sector.

Last updated: 06/13/07