translated from Spanish: Country Agenda: Pablo Terrazas and Corfo’s key role in supporting SMEs in tackling the crisis

This week marked the fourth week of protests and demonstrations of discontent on the part of the population towards the current economic and social model of our country. The demands for President Sebastián Piñera to take action on this issue are increasing, while the different sectors have been affected in one way or another by everything that is happening.
The economy and tourism, through SMEs and small and medium-sized enterprises, are an example of these sectors that have been affected and compared to which the Corfo has been taking an increasingly social role in the last time. The aim is for “both the public and private sectors to take a look to rebuild a new Chile and contribute to a fairer country where equal opportunities are real,” said Pablo Terrazas, executive vice president of Corfo.

La Corfo is the responsibility of the agency of the Government of Chile, under the Ministry of Economy, Development and Tourism responsible for supporting entrepreneurship, innovation and competitiveness in the country together with strengthening human capital and technological capabilities.
Its main objective is to promote a society of more and better opportunities for all and contribute to the economic development of the country. They do this through support for SMEs, for example, as the sum of them helps the country’s employability.
Two key axes
Regarding the current situation, Terrazas said that two major axes have been established since the Corfo to contribute to the social agenda that the government has been leading. One has to do with the reconstruction that they are going to have to do from the point of view of the country’s economy. At this point, Corfo’s contribution is key to supporting SMEs that are Chile’s engine.
The second has to do with something more structural than the Corfo that has to do with matching the court and decentralizing the country.
In particular, it can be said that there are a number of advertisements and measures of different types focused on improving the current situation of SMEs and lifting Chile’s economy.
For example, the Chair already announced that there will be two bills aimed at improving SMEs in the face of this situation. The first relates to the 30-day payment of large companies to SMEs. Previously there was a law that allowed within two years to regularize this situation, i.e. companies had a period of two years to be required to pay 30 days and this was advanced and now (if the project is approved) it will be within 90 days to regularize s or mandatory situation. That is, the law is passed, the bills start to be paid to SMEs within 30 days.
With regard to this, Terrazas stated “it is very important that Congress help us, all the parliamentarians of different political parties. What the public is asking us is that we do not continue in ideological discussions, political discussions and move forward this social agenda that is long awaited by SMEs.”
Reconstruction support
Another measure that relates to this emergency and will enter by the government, has to do with donations from the private sector, whether legal or natural, who want to donate for this reconstruction that is to be done. This requires help from everyone. You need to have a regulatory framework that facilitates the help of private people and that’s a law that’s going to
Enter.
Finally, we have management, administrative order things that the executive is doing. In this area are all the tax benefits that are being faced with this emergency. The extension of the payment of VAT and the release of interest and fines with a clear example.
The important thing is that the Corfo is taking an increasingly social role in seeking to avoid unemployment and reorient resources in order to solve the problems of citizenship. Opening up banking to provide more credit to SMEs that have been affected and that do not decline, encouraging their development and growth will allow this sector of the economy to proliferate and continue to be one of the engines in our country.
Regarding Corfo’s social role, the executive vice president said that “we have reworked our budget, because the main focus has to come to the aid of the SMEs that are suffering.”
On the other hand, with regard to the historical lithium business, the Corfo will continue with its existing contracts because they are resources that the State needs and therefore we must double our efforts for the current situation in our country. This remains a relevant aspect for the Corporation.

Original source in Spanish

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