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.

{FILE IMAGE} Denis Kellman, Minister of Industry, Small Business and Rural Development will deliver the keynote address

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.

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