Improving the Business Development Services Industry

Business development services play an important role in supporting entrepreneurship, which is critical to driving job creation and economic growth in Haiti. A partnership between TechnoServe, the Ministry of Economy and Finance of Haiti, and the Interā€American Development Bank seeks to promote the growth of the business development services industry in the country in order to increase investment, productivity and job creation in micro, small and medium enterprises (MSMEs). The project identifies eligible MSMEs in value chains with high growth potential, and provides them with technical assistance and advisory services. The project aims to improve access to credit for the enterprises through the strengthening of their management, technical and commercial capacities, and by increasing their repayment capacity. Since the program launched in 2013, 85 businesses have been approved for technical assistance to standardize their financial information and develop and implement their business plans.