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#BTEditorial - Small businesses need help too

The decision of the Caribbean Development Bank (CDB), along with other agencies to make some $1.2 million in support available to micro, small and medium-sized enterprises (MSMEs) is a significant development, as small enterprise operators try to pick up the pieces of their businesses that have been shattered by the COVID-19 pandemic.The CDB is working in conjunction with the Caribbean Export Development Agency (Caribbean Export) and the European Union to facilitate processing of the grants and technical assistance.While many still seek to marginalize the importance of small businesses to the overall economic life of most Caribbean economies, it was instructive that one of the bank’s senior executives reminded us that small businesses contribute to about 45 per cent of all employment opportunities in the region.

Caribbean Export and Caribbean Development Bank join forces to provide grants to MSMEs

The Caribbean Export Development Agency (Caribbean Export) and the Caribbean Development Bank (CDB) in collaboration with the European Union, have entered a partnership to support regional MSMEs with financial assistance to help businesses retool and preserve jobs. CDB will fund a US$600K grant facility via a Technical Assistance Programme (TAP) to mitigate the impact of […]

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