Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form
7.2 Development Financing
In many instances, new business entities or even established small and medium sized entities are hampered by lack of traditional means of export financing. In recognition of this, several of the Caribbean region's development partners offer grants and loans to such enterprises under structured financial and technical assistance mechanisms. Some of these programmes may not explicitly cover export activities, but may address other areas of a firm's operations which could eventually lead to increased exports. Some of the financing offered by EU agencies are outlined in the following below:
|
Area of Intervention |
Actions/Programmes |
Objectives |
|
Investment Financing |
European Investment Bank (EIB) - €1.5b |
Support private sector investment projects thatare economically, technically, environmentally and financially viable and have a development and a poverty - reduction impact in the ACPs. |
|
Business DevelopmentServices (e.g. certification, standards etc) |
Centre for Development of Enterprise (CDE) - €108m |
CDE supports the implementation of private sector development strategies in ACP countries by providing non-financial services to ACP companies and businesses and support to joint initiatives set up by economic operators of the EC and the ACP States. |
|
Support for Micro-Enterprises |
EU-ACP Micro-finance Programme -€36m http://ec.europa.eu/europeaid/where/acp/regional-cooperation/microfinance/index_en.ht m |
To build the capacity of key microfinance actors and enhance equity and efficiency in ACP microfinance markets to ensure financial inclusion for microenterprises and low income households. |
Source: Karvinen, Tehri (2011). EU Delegation to Trinidad & Tobago. http://www.jurisint.org/en/con/index.html
This website was created and maintained with the financial support of the European Union. Its contents are the sole responsibility of Caribbean Export and do not necessarily reflect the views of the European Union.
.png){kind=icon}
