Analysis of policies to support SMEs in confronting the COVID-19 pandemic in Latin America

Dini, Marco
Heredia Zurita, Andrea

2021-08-04

LC/TS.2021/29

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Introduction .-- Part I. I. General analysis .-- II. Changes and lessons learned in MSME support policies in Latin America .-- III. Conclusions --- Part II. IV. MSME support policies amid COVID-19 in Argentina .-- V. MSME support policies amid COVID-19 in Brazil .-- VI. MSME support policies amid COVID-19 in Chile .-- VII. MSMEs support policies amid COVID-19 in Colombia .-- VIII. MSME support policies amid COVID-19 in Costa Rica .-- IX. MSME support policies amid COVID-19 in Ecuador .-- X. MSME support policies amid COVID-19 in Mexico .-- XI. MSME support policies amid COVID-19 in Panama .-- XII. MSME support policies amid COVID-19 in Uruguay.

The institutions that support micro-, small and medium-sized enterprises (MSMEs) in Latin America have demonstrated their capacity to react to the challenges posed by the coronavirus disease (COVID-19) pandemic, making unprecedented efforts to adapt support instruments and adjust their management modalities to new needs. This document summarizes the experiences of nine countries in the region (Argentina, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Panama and Uruguay), highlighting good practices and methodological lessons learned that can be leveraged to improve the performance of the development system once the pandemic is over. There are three areas of particular importance for economic recovery: support for the incorporation of digital technologies, incentives for formalizing companies and biosafety protocols. There are also signs of a shift in the way policies are formulated, towards adaptive management models that focus on accountability and the strengthening of public institutions, the deepening of partnerships with the business sector and the consolidation of decentralization dynamics that provide space for participation by local and regional actors.

INNOVATIONS; DIGITAL TECHNOLOGY; CORPORATE STRATEGIES; CASE STUDIES; FINANCIAL INCLUSION; PRODUCTIVITY; INDUSTRIAL POLICY; DEVELOPMENT POLICY; ECONOMIC ASPECTS; EPIDEMICS; VIRUSES; COVID-19; INNOVACIONES; TECNOLOGIA DIGITAL; ESTRATEGIA EMPRESARIAL; ESTUDIOS DE CASOS; INCLUSION FINANCIERA; SMALL ENTERPRISES; MEDIUM ENTERPRISES; LIQUIDITY; EMPLOYMENT; BUSINESS FINANCING; ENTERPRISE DEVELOPMENT; PRODUCTIVIDAD; POLITICA INDUSTRIAL; POLITICA DE DESARROLLO; PEQUEÑAS EMPRESAS; EMPRESAS MEDIANAS; LIQUIDEZ; EMPLEO; FINANCIAMIENTO DE EMPRESAS; DESARROLLO DE EMPRESAS; COVID-19; VIRUS; EPIDEMIAS; ASPECTOS ECONOMICOS;