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

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
Costa Rica and Panama Inaugurate Innovative Border Crossing Backed by the IDB
The presidents of Costa Rica, Rodrigo Chaves, and of Panama, Laurentino Cortizo, today inaugurated the Integrated Control Center in Paso Canoas, Costa Rica, which will process the crossing of goods and people entering the country from Panama. The Inter-American Development Bank (IDB) provided...
February 20, 2024
Bolivia to Enhance Energy Efficiency of Street Lighting Systems with IDB Support
The Inter-American Development Bank (IDB) has approved a $35 million loan to Bolivia to finance a program to make the country's public lighting systems more energy efficient. The program will benefit over 800,000 people in participating municipalities by improving the quality and efficiency of public...
February 12, 2024
Barbados to Complete Sustainable Development Policy Program with IDB Support
The Inter-American Development Bank (IDB) has approved a US$100 million loan that allows Barbados to continue modernizing its policies, laws and regulations as it strives to achieve sustainable development. The operation is the third in a series of three policy-based loans designed to enhance how...
February 07, 2024

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
Get all the latest IDB updates on science, technology and innovation!
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