The Foreign Exchange & Export Credits Department has responsibility for the administration of a number of financing schemes. The schemes were established from as early as 1978, all in an effort to make finance more easily accessible to local businesses mainly through the provision of guarantees and loans via Authorised Financial Intermediaries (AFIs). The existing facilities are

  1. Credit Guarantee Scheme for Businesses
  2. Enhanced Credit Guarantee Fund
  3. Export Finance Guarantee
  4. Export Credit Insurance
  5. Tourism Loan Guarantee
  6. Industrial Credit
  7. Value Added Tax Receivables Liquidity Facility
  8. Trade Receivables Liquidity

Effective October 1, 2014, the Bank instituted several changes to its suite of schemes that will allow, among other things, for a larger number of businesses to utilize the facilities. Small and medium sized enterprises from across the manufacturing, construction and engineering, tourism, renewable energy and several other productive sectors, can benefit further from these enhancements.

Copyright 2017 by Central Bank of Barbados