EASE FOR SMALL & MEDIUM-SIZED BARBADIAN BUSINESSES
The Ministry responsible for Small Business Development is looking to establish a new policy framework shortly to help ease some of the financial burdens being faced by small and medium- sized businesses throughout the island.
Mr. Inniss told attendees that he was aware of the challenges faced by the bank’s customers, as well as the small business sector in particular. Noting that his Ministry’s role was to create the right eco-system that would allow persons to access financing, he said this could be achieved through legislative reforms; an enabling environment of business support services; and, wherever possible, helping bankers provide the right type of financing for the sector.
Meanwhile, Minister of Finance and Economic Affairs, Chris Sinckler, praised Scotiabank for staying the course, and underscored the importance of strong partners in the financial sector.
Senior Marketing Manager at Scotiabank, Lisa Cole, also disclosed that the bank’s activities to laud its 60th anniversary would spread over a six-month period, and each branch would have a customer appreciation day. She added that a main part of the bank’s focus would be on the various communities across the island, with a particular emphasis on literacy.