CAF and J.P. Morgan to promote Mexican small business owners operating in global supply chains

CAF, Development Bank of Latin America, and J.P. Morgan signed a cooperation agreement to promote the Innovative and Resilient Production Chains program in Mexico. The agreement will channel non-refundable resources towards this initiative that aims to strengthen the capacities of at least 200 leaders and collaborators of micro and small businesses. These businesses belong to the Mexican value chains of agribusiness, manufacturing, tourism and health, with a focus on digital literacy and transformation, innovation and reducing the environmental impact of business activities.

“Business ownership is an important avenue for building equitable economies across the world. J.P. Morgan is pleased to work with CAF on the Innovative and Resilient Production Chains program, a comprehensive approach to tackling some of the challenges facing underserved small business owners and entrepreneurs,” said Felipe Garcia-Moreno, Senior Country Officer for Mexico, J.P. Morgan.

The Innovative and Resilient Production Chains program aims to create more equitable and inclusive local economies. Small businesses are an essential part of the global supply chain and these efforts can help improve Mexico’s competitiveness.

Gloria Gamero, CAF’s director of Institutional Funding, said, "We are very pleased with this strategic alliance between CAF and J.P. Morgan because we join efforts in the common agenda of economic inclusion, support for Sustainable Development Goal No. 8 (Promotion of sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all) for the improvement of productivity and competitiveness of micro and small enterprises in the region, as well as the materialization of our goal of being the green bank and the economic revitalization of Latin America and the Caribbean".