When the COVID-19 pandemic struck in early 2020, Uruguay’s micro, small, and medium-sized enterprises (MSMEs) faced an existential crisis. Representing over 99% of private sector firms and employing more than two-thirds of the workforce, these businesses were hit hard by plummeting demand and mobility restrictions[1]. In response, the Inter-American Development Bank (IDB) … [Read more...] about Credit Instruments in Action: How Uruguay Protected Its MSMEs During COVID-19
