The Inter-American Development Bank (IDB) received $24.28 million for its “Women Entrepreneurs for Latin America and the Caribbean” (WeForLac) program. WeForLac will boost access to finance, markets, skills and networks, while strengthening entrepreneurship ecosystems in support of women-owned and led businesses. The program is expected to reach more than 19,252 women, with a focus on underserved communities in Honduras, El Salvador, Guatemala, Mexico, Colombia, Brazil, and Peru.
The Inter-American Development Bank(IDB) received $14.71 million for its program to support access to finance, markets, skills and networks for women-led businesses primarily in technology and science-supported sectors. The program will prioritize helping women entrepreneurs navigate the ongoing economic crisis, and also to identify new business opportunities that may arise as a result of the pandemic. The program will provide acceleration support as well as seed and venture capital to high-potential STEM women entrepreneurs. The program focuses on countries in Central America, Ecuador and Guyana.