Peru’s MSE exports likely to grow 2 percent next year

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Andina

Exports of Peru’s Micro and Small Enterprises (MSE) are likely to grow by two percent next year, reported Juan Carlos Mathews, executive director of USAID Peru Mype Competitiva project funded by the United States Agency for International Development (USAID).

Since October 2008, MSEs have recorded a 24 percent fall in shipments, a negative trend that will continue until the end of 2009 due to the international financial crisis.

Mathews stated remittances have declined 18 percent, affecting MSEs since these shipments are invested in improving the competitiveness of such enterprises.

The impact of global crisis in this sector would be dramatic if the government did not take initiatives to promote state purchases from MSEs, he stated.

There are companies that have closed down, and others are getting further prepared to deal with the crisis, improve their performances next year and recover in 2011.

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