Over the past decade, donor funding for SMEs in Central America and Mexico has been characterized by sharp increases and declines due to large, sporadic loans. For example, in 2011, a US $87 million disbursement by the Inter-American Development Bank (IADB) to the Government of Mexico made up 64 percent of SME-related funding in Mexico and 47 percent of all funding in Central America and Mexico.
In 2013, donor funding for SME-related activities reached a 10-year high of nearly US $400 million primarily due to 3 large disbursements to Guatemala, El Salvador, and Mexico, all provided by the IADB. Over the past 5 years, the IADB has disbursed over US $865 million to the region.
In 2016, overall donor disbursements for SME-related activities decreased in every country in the region except Mexico, which was a large enough increase to cause on overall increase in SME-related funding in the region from 2015.
Total donor funding for the region has remained around US $6.5 billion since 2012. In 2016, three percent of donor funding for the region was disbursed to SME-related projects. As a percentage of total donor funding, Costa Rica has led the region since 2012, although it has never received more than US $83 million in SME-related disbursements in a year. In 2016, SME-related disbursements reached a five-year low of three percent.
In 2013, over 22 percent of donor funding in El Salvador was disbursed for SME-related projects, in large part due to one US $70 million loan provided by the IADB for a financing partnership with Banco Agricola.
- Costa Rica
- El Salvador