Investment Fund and Technical Assistance for Competitive SMEs - EMERGE FUND
The project, through the establishment of the Fund and the Technical Assistance Facility has the goal to promote private investment in Small and Medium sized Enterprises through the Venture Capital industry.
Developmental Impact: The project is expected to further three key MIF objectives:
- To fund a vehicle which will provide equity and quasiequity financing, financial and technical advisory, and
value-added governance to approximately 15 SMEs;
- To increase competitiveness, innovation, and corporate
governance among these SMEs and generate employment;
and
- To further the development of the venture capital industry
mainly in the target countries, providing examples of how
the financing of the small companies through Venture Capital produces an impact on the growth and organization of these companies.

Project Detail

Country

Regional

Project Number

RG-Q0003

Approval Date

September 21, 2005

Project Status

Closed

Project Type

Equity

Sector

FINANCIAL MARKETS

Subsector

CAPITAL MARKET DEVELOPMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 25,000,000.00

Country Counterpart Financing

USD 15,000,000.00

Original Amount Approved

USD 10,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
EQU/MS-9412-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund Equity Financing
Operation Number EQU/MS-9412-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: Equity Financing