INTER-AMERICAN INVESTMENT CORPORATION LAUNCHES INITIATIVE IN THE ENGLISH-SPEAKING CARIBBEAN TO PROMOTE TRANSPARENT BUSINESS ENVIRONMENTS
Working with local partners, the initiative, called FINPYME Integrity, encourages the growth of a robust and transparent business environment for small and medium-sized enterprises (SMEs) St. Michael/Barbados- The Inter-American Investment Corporation (IIC), a member of the Inter-American Development Bank (IDB) Group, is launching FINPYME Integrity in Barbados. The program’s goal is to support sustainable business development through the dissemination of a targeted business ethics program which aims at improving their capacity to effectively incorporate integrity, transparency, and anti-corruption practices into their organizations.
The IIC is collaborating with several local institutions, universities, small business associations, chambers of industry and commerce in the English-speaking Caribbean in training and educating small and medium companies to gain sound integrity policies and practices by adhering to globally-recognized ethical and governance standards as well as showing them that business ethics can be a competitive advantage for an SME.
FINPYME Integrity is developed thanks to the support of the Republic of Korea through the Korea-IIC SME Development Trust Fund. Local partners in Barbados include the Cave Hill School of Business-UWI, the Barbados Small Business Association, the Barbados Coalition of Service Industries and the Barbados Manufacturers’ Association.