Barbados Expands MSMEs' Access to Financing with US$50 Million IDB Loan
Barbados, July 28 -- Barbados is enhancing access to finance for micro, small, and medium-sized enterprises (MSMEs) through a US$50 million loan from the Inter-American Development Bank (IDB). This program, supported under the IDB's Flexible Financing Facility, aims to stimulate productive investments across the MSME sector.The funding will be used to provide loan guarantees through eligible financial intermediaries, enabling MSMEs to invest in areas such as property, facilities and equipment, infrastructure, and the adoption of new technologies, techniques, or processes.The program is expected to benefit an estimated 188 firms directly and other suppliers and partners indirectly, and increase economic activity. This loan represents the thi...
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