Post by Caribbean Development Bank

🚀 Unlocking Finance for MSMEs in Barbados The Caribbean Development Bank is advancing financial innovation with a US$560,000 grant to modernise access to finance for micro, small and medium-sized enterprises (MSMEs). By enabling businesses to use movable assets like equipment and inventory as collateral, this initiative will help reduce barriers to financing, strengthen financial systems, and support inclusive economic growth. 💡 With MSMEs accounting for over 96% of formal enterprises in Barbados, this reform is a game-changer for entrepreneurship, innovation, and resilience across the economy. 🔗 Find out how this initiative is transforming access to finance: https://bit.ly/4cuY4K9 Lisa Harding #ourCDB #ourCaribbean #MSMEs #PrivateSector #Innovation #Barbados