Caribbean Development Bank will promote Eastern Caribbean MSMEs with IDB support

The Caribbean Development Bank (CDB) has received a 20-million-dollar loan from the Inter-American Development Bank (IDB) to support the development of the private sector and increase the productivity of micro, small and medium-sized enterprises (MSMEs) in the following countries of the Organization of Eastern Caribbean States (OECS): Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines.

Among the financing objectives is to strengthen the market for services that help businesses adopt climate and digital technologies. The program will also finance campaigns that specifically target businesses run or owned by women, thus promoting gender equality and women’s empowerment.