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IDB boost for small businesses

rhondathompson, [email protected]

IDB boost for small businesses

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OVER 100 micro, small and medium enterprises (SMEs) are expected to benefit from an Inter-American Development Bank (IDB) funded project that will lend technical support and capacity building to them, while creating more tourism-related jobs.
During a Press conference yesterday at the Lloyd Erskine Sandiford Centre, it was pointed out that the multifaceted project,   tripartite agreement between the IDB, the Ministry of Tourism and the Barbados Small Business Association (BSDA), was funded under the Multi-Lateral Investment Fund to the tune of US$240 500.
The project, themed Development Of Tourism Micro-Projects In Barbados, seeks to improve the quality of products offered to tourists in three main sectors of agro-processing, woodworks and the small hotels subsectors, and is expected to create over 400 jobs. (CT)