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RBC Royal Bank and First Citizens Bank first financial institutions to use the new and improved Enhanced Credit Guarantee Fund which is projected to benefit over 200 businesses.
The Enhanced Credit Guarantee Fund is an innovative financial tool created to assist small and medium enterprises. It is backed by a BDS$70 million loan financed by the Inter-American Development Bank (IDB) and executed by the Central Bank of Barbados.Read more...
Small and medium-sized enterprises (SMEs) have access to a new credit facility: the Enhanced Credit Guarantee Fund (ECGF). The ECGF is backed by a loan financed by the Inter-American Development Bank (IDB), and it is being executed by the Central Bank of Barbados.
The ECGF will assist businesses involved in agriculture, commerce, industry, tourism, and the service sectors to access medium- to long-term financing from private financial institutions for new loans
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