The Matching Grants Initiative (MGI) is a project of the Government of Guyana, funded mainly by the Inter-American Development Bank (IDB).
Principal Objective:
To boost the competitiveness of private small and medium enterprises, to prepare them for export activity, export launch and/or export expansion.
Project components:
1. Enterprise Awareness Raising and Promotion
2. Export Readiness Assessment and Project Preparation
3. Project Implementation
4. Evaluation of Project Results and Dissemination of Accumulated Experience.
Grant Explained:
Phase 1: Export Readiness Assessment. Firms satisfying eligibility criteria can access between 80% - 95% of the total fee of an expert local Consultant contracted to undertake the requisite diagnosis of the firm’s capacity to export and to earn an acceptable level of profitability.
Phase 2: Project Preparation. Firms that have completed phase 1 (Export Readiness Assessment) and satisfy eligibility criteria can access between 80% - 95% of the total fee of an expert local Consultant to design projects and business plans, based on the results of the export readiness assessment. Projects will be directly geared to enhancing the firm’s penetration of overseas markets, and to the improvement of the firm’s export-derived earnings.
Phase 3: Project Implementation. Firms that have completed phase 2 (Project Preparation) and satisfy eligibility criteria can access up to 50% of the total cost of implementing projects based on approved designs. Up to two years will be allowed for project implementation.
For more information contact:
Ms. Taryn De Mendonca, Administrator - MGI Executing Unit, National Competitiveness Strategy Unit, Ministry of Tourism, Industry and Commerce, 229, South Road, Lacytown. Tel 227-8849 ext. 235. Fax 225-0383
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Implementation 
