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The Future is Silver: Building an Entrepreneurial Ecosystem
It is proposed to develop a first pilot experience to promote an entrepreneurial ecosystem around the Silver Economy in Uruguay, in order to increase the supply of services and products aimed at this population, contributing to their greater welfare. As well as the generation of enterprises with the potential to scale up at a local and regional level.

Project Detail

Country

Uruguay

Project Number

UR-T1246

Approval Date

December 9, 2020

Project Status

Implementation

Project Type

Technical Cooperation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

SMALL AND MEDIUM ENTERPRISE

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

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

Total Cost

USD 1,519,264.00

Country Counterpart Financing

USD 772,500.00

Original Amount Approved

USD 746,764.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/ME-18460-UR Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Nonreimbursable
Operation Number ATN/ME-18460-UR
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000531-1870628001-76
ATNME-18460-UR PSR09815-06302023.pdf
Published Sep. 01, 2023
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https://www.iadb.org/document.cfm?id=EZSHARE-1870628001-54
ATNME-18460-UR PSR09572-12312022.pdf
Published Mar. 10, 2023
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https://www.iadb.org/document.cfm?id=EZSHARE-1350117279-2
UR-T1246 - Donors Memorandum.pdf
Published Jun. 14, 2021
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https://www.iadb.org/document.cfm?id=EZSHARE-1350117279-3
UR-T1246 - Memorando a los donantes.pdf
Published Jun. 14, 2021
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Silver Economy: A Mapping of Actors and Trends in Latin America and the Caribbean
Latin America and the Caribbean, unlike other regions, is still quite young demographically: people over age 60 make up around 11% of the total population. However, the region is expected to experience the fastest rate of population aging in the world over the coming decades. This projected growth of the elderly population raises challenges related to pensions, health, and long-term care. At the same time, it opens up numerous business opportunities in different sectorshousing, tourism, care, and transportation, for examplethat could generate millions of new jobs. These opportunities are termed the “silver economy,” which has the potential to be one of the drivers of post-pandemic economic recovery. Importantly, women play key roles in many areas of this market, as noted in the first report published by the IDB on this subject (Okumura et al., 2020). 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