Commitment to Action

Economic Development of SMEs

Commitment by

Adriana Sarmiento, Organización Luis Carlos Sarmiento Angulo Limitada

In 2009, the Organizaci?n Luis Carlos Sarmiento Angulo Limitada committed to developing a formal model of corporate governance specifically dedicated to SMEs in Colombia according to the enterprises' needs, while leveraging the idiosyncratic nature of the nation's infrastructure. This will be accomplished through a national educational and vocational training program free of charge, to introduce the discipline of corporate governance to relevant SMEs, as well as developing a market for accessible funding of working capital, and establishing a formal culture around SME infrastructure.

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Overview
Summary

Commitment

Economic Development of SMEs

Launched

2009

Est. Duration

2 Years

Estimated Total Value

$10,000,000

Region

Latin America & Caribbean

Countries

COLOMBIA

Commitment by

Adriana Sarmiento, Organización Luis Carlos Sarmiento Angulo Limitada

Partner(s) of the Commitment Maker(s)

Republic of Colombia, Bancoldex, Asobolsa, Confecamaras Colombia Chamber of Commerce, PricewaterhouseCoopers, Superintendencia Financiera de Colombia, Banco de la República (Colombian Central Bank ), Bolsa De Valores De Colombia