ConnectAmericas Partnerships Program 2019

ConnectAmericas.com (CA) is an online social network for businesses. It is a platform designed to help small and medium sized enterprises (SMEs) of the Americas carry out more and better international trade and investment transactions. It was launched in March 2014 and currently has 260,000 business people from 150 countries registered on the platform, and 4 million unique users from 208 countries and territories representing companies of all sizes. CA allows business owners or representatives to: (i) publish or apply to purchasing announcements from companies and government entities, (ii) find clients, suppliers or partners by searching a database of 60,000 companies, (iii) discover business support services and programs available in their countries, (iv) register for business events in their countries and the rest of the world, (v) apply to receive financing from banks, and (vi) strengthen their skills through online courses, articles, videos, and tools. 3.1 In addition, CA, in partnership with over 300 Local Partners (Trade and Investment Promotion Organizations, Business Chambers, and Trade Associations), organizes several business summits yearly. These include: 3.1.1 The Asia-LAC Business Summits (ChinaLAC, JapanLAC, KoreaLAC): These events bring together business representatives and senior government officials from both regions to explore business and collaboration opportunities between Asia and LAC. CA and the trade promotion agencies of these Asian member countries organized these events.3.1.2 LAC Flavors: This is one of the most important business meetings in the agribusiness sector in the region. LAC Flavors brings together food exporters from LAC countries and international buyers through structured one-on-one meetings. 3.1.3 Outsource2LAC: The LAC Outsourcing and Offshoring Summit –Outsource2LAC – brings experts from all over the world to present to LAC services exporters (from sectors such as BPO, KPO, and ITO) the latest trends and opportunities in the global services industry. It also facilitates one-on-one business meetings through matchmaking activities.3.2 CA is being developed and disseminated in a very favorable context due to the solid growth of intra-regional trade and investment in LAC, and the increased use of technology and internet tools by SMEs. In fact, in the last decade, intra-regional trade grew more than tenfold. However, although the vast majority of companies in the region are SMEs (at least 3.7 million with 5 employees or more) they only account for 13% of LAC exports (the SME participation rate in Thailand is 47%, in Malaysia 54%, in Eastern Europe & Central Asia 35%, and in East Asia & Pacific 32%). This scenario provides powerful reasons to strengthen efforts to overcome the barriers that LAC SMEs face when they attempt to internationalize. Also, SMEs in LAC are increasingly taking advantage of the possibilities that the internet offers. A recent study showed that Internet usage reached 378 million people in LAC, representing a 47% increase with respect to 2013%. 3.3 The purpose of this operation is to increase the value that CA offers its users by supporting the technology development of CA, the dissemination of CA, and the creation of contents for SMEs to be distributed through CA. 3.4 The scope of the project is regional by nature and all the IDB member countries stand to be beneficiaries of this operation on an equal footing. As of today, CA has over 260,000 registered users from over 150 countries, and the features of the platform allows all of them to benefit equally. 3.5 The objectives and activities of the operation are aligned with the Bank's Strategy for Global and Regional Integration (GN-2565-4) as it will facilitate regional commerce and promote the internationalization of SMEs, thereby increasing the demand for trade-related infrastructure (e.g. transportation and customs).

Project Detail

Country

Regional

Project Number

RG-T3453

Approval Date

May 15, 2019

Project Status

Implementation

Project Type

Technical Cooperation

Sector

TRADE

Subsector

EXPORT AND INVESTMENT PROMOTION

Lending Instrument

Lending Instrument Code

Modality

Facility Type

Environmental Classification

Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 200,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 200,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
ATN/CF-17345-RG	Sovereign Guaranteed	USD - United States Dollar	Apr. 22, 2024	May. 15, 2019	Common Account - COFAB	Nonreimbursable

Operation Number

ATN/CF-17345-RG

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Apr. 22, 2024
Signed Date: May. 15, 2019
Fund: Common Account - COFAB
Financial Instrument: Nonreimbursable

Can’t find a document? Request information