Through Bancoldex, the National Government is going to assign 163.000 million (Colombian pesos) to promote micro, small and middle companies (Mipymes) of the frontiers. Each company could obtain a maximum of 300 million (CP).

Bogotá, February 27 (SP). The National Government announced this Friday a special fund to support trading at the different borders of the country. One of the goals is to face the latest changes of the international financial market.

This declaration was made by the President of Colombia, Alvaro Uribe Vélez, after a meeting held with the Ministry of Commerce Industry an Tourism, Luis Guillermo Plata, and the president of Bancoldex, Gustavo Ardila.

According to the Commerce Portfolio director, the Government is planning to spend, through Bancoldex, 163 thousand millions to promote the progress of micro, small and middle companies (Mipymes) at these regions of the country.

The top for each company is 300 million pesos, which will allow those places to have incentives for production and an increase of employment, explained the President of Bancoldex.

Those who are interested, Ardila said, “could get these assets trough supervised institutions by the Financial National Bureau of Colombia, which have links with Bancoldex, and also through non supervised institutions, NGO’s, Cooperatives, among others. Employees funds are also welcome”.

“It is a high-quality agreement. The National Government is giving the support to maintain liquidity in the companies, to keep the flow of money and therefore the acquirement, investment and employment, which is the main policy of this government”, Plata Páez said.

The Head of State, declared that next week the Government, led by the Minister of Commerce, the Director of the National Fund Of Guarantees, Juan Carlos Durán and the president of Bancoldex, will begin the task of promoting this credit line in the border regions of the country.

These 163 thousand million pesos destined to the support of the Mipymes, are part of the five billion pesos that Bancoldex is planning to invest in 2009, Plata Paez explained.