Financing provided to Caribbean companies to face crisis
Bridgetown, Mar 10 (Prensa Latina) More than a million dollars have been granted to micro, small and medium-sized enterprises in the Caribbean to face the economic crisis generated by Covid-19, sources from Caribbean Export confirmed on Wednesday.
This is a joint initiative by the Caribbean Export Development Agency (Caribbean Export) and the European Union, which have benefited 63 entities from 15 countries in the region.
The aim is to help mitigate the impact of the Covid-19 pandemic in vital sectors such as agriculture, agricultural processing, creative industries, health and welfare, manufacturing, professional services, and tourism.
These actions are based on the results of an assessment in collaboration with the Caribbean Development Bank about the impact of the pandemic in company operations, and determined the level and areas that would be supported within MSMEs (micro, small, and medium-sized enterprises) in order to better position them to deal with the economic consequences.
Those amounts are used to implement energy efficiency projects, marketing and promotions, business recovery and purchase of equipment, among others.
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