LatAm SMEs to rival MNC’s project dominance

Author: Michael Washburn | Published: 20 Nov 2012

Small and mid-sized companies in Latin America will drive the region’s growth in years to come, according to report issued on Friday by the OECD and the Economic Commission for Latin America and the Caribbean.

It lays out a master plan for progress in a region where 99% of businesses are small and medium sized enterprises, or SMEs. It envisages smaller firms - which receive only 12%of all credit issued by lenders to the region – gaining improved access to finance and becoming the most active players in sectors such as mining, oil and gas, infrastructure, and agriculture

The report has been praised by Latin American as well as US observers, some of whom have witnessed the longstanding trend of small companies and alternative investment vehicles pooling their...