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MIF approves $6.25 million to support small business, private health care and financial reform in Latin America and Caribbean

The Multilateral Investment Fund today announced the approval of $6.25 million in grants to four countries in Latin America and the Caribbean to support small business and microenterprise, financial supervision reform, and private health care modernization.

The grants were awarded to the following countries:

Brazil - $1.55 million to support a new regulatory framework for private health plans that will encourage greater efficiency and competition as well as consumer benefits.

Chile - $570,000 to Inversiones para el Desarrollo S.A. of Chile to develop a model for microleasing that will benefit microenterprise and small businesses.

El Salvador - $870,000 to Fundación para la Educación Integral to promote a sustainable market for technical assistance and training services for microenterprise.

El Salvador - $1.4 million to Fondo de Inversión Social para el Desarrollo to promote the development of private and public sector linkages to ensure better provision of municipal services.

Trinidad and Tobago - $1.86 million to integrate the supervision of insurance companies, pension plans, and banking institutions with the goal of making them more competitive.

The Multilateral Investment Fund, an autonomous fund of the Inter-American Development Bank, provides grants and investments to accelerate private sector development and help improve the climate for investment in Latin America and the Caribbean.

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