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The IDB president advocates the digitization of companies and support for SMEs

Asunción, Sep 14 (EFE) .- The president of the Inter-American Development Bank (IDB), Mauricio Claver-Carone, advocated this Tuesday for the progressive digitization of companies, within the framework of the post-covid recovery, and for the support to the SMEs as drivers of increased exports in the region.

“If our companies are digitized, it will be easier for them to integrate into regional and global value chains. And it will be much easier for them to get clients abroad and to be able to export,” said the head of the IDB in a ceremony. in the Ministry of Industry and Commerce of Paraguay.

Based on a recent survey, Claver-Carone pointed out that “five out of ten companies in the region use e-commerce platforms for export and 74% of these will start using this type of platform thanks to the pandemic.”

In this context, the support for small and medium-sized companies was reaffirmed as “one of the key pillars of the 2025 vision of our plan to reinvest in the Americas and post-COvid 19 sustainable growth in our region”

“About 99% of our companies throughout our region are SMEs and constitute more than 65% of formal employment. Exporting SMEs pay their workers better wages, with 42% higher salaries and have higher sales levels, almost 55% than their exporting peers, and they generate 244% more jobs, “he added.

However, he pointed out that SMEs face the challenge of lack of resources and access to financing, “which he said is one aspect in which the IDB can help.

PARAGUAY EXPORT

Claver-Carone made this presentation during the presentation of “Paraguay Export”, a platform to promote exports and attract investment to the South American country with the support of the IDB through ConnectAmérica.

He referred to the IDB’s support to the Paraguayan government’s national logistics plan, which he defined as “a roadmap that includes policies, projects, and actions to take full advantage of Paraguay’s potential.”

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