Skip to main content

Private Firms and SME

Private Firms and SME Development

The IDB Group is committed to the development of Latin America and the Caribbean through the private sector and channels.

Sector Framework Initiatives Projects at a Glance
Personas trabajando en línea de producción industrial. Comercio y desarrollo PYME - Banco Interamericano de Desarrollo - BID
Our Vision

The IDB Group is committed to the development of Latin America and the Caribbean through the private sector and channels this work through its two member entities: IDB Invest and the Multilateral Investment Fund (MIF). Through joint collaboration with governments, we support the development of public policies that strengthen the business and SME environment.

Digital Transformation

The IDB supports firms in their digital transformation processes by enabling the conditions for digital technology adoption through connectivity, guidance to meet the international regulation standards and the development of digital talent. All efforts for capacity building, tech adoption and the strengthening of digital services are tailored to each firm’s needs, size and sector of operation.

Support of Entrepreneurship Ecosystems

Through different mechanisms, the CTI Division of the IDB supports the creation and consolidation of entrepreneurship ecosystems by encouraging entrepreneurial culture, strengthening incubators and facilitating access to venture capital. The improvement and innovation of these ecosystems is also based on working with governments and authorities to foster public policies that benefit entrepreneurs and their firms.

Private Sector

The IDB Group is focused on favoring the private sector by strengthening corporate public policies, supporting small and medium enterprises (SMEs); and implementing policies in for risk capital and dynamic entrepreneurship. 

A woman holding a tablet with a group of people behind her. Private Sector - Inter-American Development Bank - IDB

IDB specialists and guest authors discuss the 'i' in innovation, ideas, inspiration, investment, and its implications for public policies. Because innovating through science, technology, creativity, and entrepreneurship will transform productivity and the quality of life in Latin America and the Caribbean in the digital age.

Using Intellectual Property as a Driver of the Creative Economy

Is it goodbye to teachers? Is it goodbye to schooling as we know it? Will it lead to reinventing education, schools, and educators? ChatGPT, an innovative tool that answers questions about almost anything, was released toward the end of 2022.

Robot con forma humana trabajando a la par de las personas. Ciencia y Tecnología - Banco Interamericano de Desarrollo - BID Chat GPT and the Future of SMEs in Latin America and the Caribbean

This article deals with the potential of ChatGPT for SMEs in Latin America and the Caribbean, while also constituting an illustration of its potential by itself.

A large green field with rows of plants. Sustainable development - Inter-American Development Bank - IDB The Agtech Revolution in the Andean Region: How Technology is Transforming the Future of Agriculture?

According to the study 'New Horizons for Productive Transformation in the Andean Region,' this sector represented 8.5% of the GDP in the region between 2012 and 2021, historically ranking it as the second most important.

See more
IDB Group to Hold 2026 Annual Meetings in Asunción, Paraguay
WASHINGTON — The Inter-American Development Bank Group (IDB Group) will hold the 2026 Annual Meetings of its Boards of Governors in Asunción, Paraguay, on March 11-14.  IDB Group President Ilan Goldfajn and Minister of Finance of Paraguay Carlos Fernández Valdovinos signed a memorandum of...
IDB Group Announces Winners of Superheroes of Development 2025
The IDB Group honors projects from Panama, Brazil, and Bolivia for overcoming implementation challenges and generating replicable lessons for the region. WASHINGTON – The Inter-American Development Bank Group (IDB Group) announced the winners of the eighth iteration of the Superheroes of Development...
Haiti Boosts Access to Essential Health Services with IDB Support
WASHINGTON — The Inter-American Development Bank (IDB) has approved a $100 million grant to help Haiti rebuild essential health services in its three northern departments to save lives and prevent disabilities. The operation, which has been approved by the IDB's Board of Executive Directors, will...
hands
Get All the Latest IDB Updates on Science, Technology and Innovation!
Subscribe
Science, Technology and Innovation

Innovation is essential for more productivity and economic progress.

See more
Reform and Modernization of the State

Building state capacity to strengthen rule of law, promote innovation and open governments to deliver better citizen services.

See more
Jump back to top