The Central Bank of Barbados seeks a suitable candidate to fill the post of Consultant to prepare a mid-term evaluation report on the Enhanced Access to Credit for Productivity Project.
In December 2014, the Inter-American Development Bank (IADB) approved a US$35 million dollar loan to assist in boosting small and medium enterprises (SME) productivity in Barbados. The growth of this sector can provide a major source of employment and can stimulate a recessed economy. Studies suggest that access to finance can be identified as the most prohibitive factor to enhancing SME competitiveness and operation in Barbados in particular. In a 2011 Enterprise Survey, 33% of firms in Barbados reported access to finance as the major obstacle in terms of their operations as opposed to 26% for the rest of the region.
The Enhanced Credit Guarantee Fund, launched in January 2016, provides a guarantee mechanism to promote access to medium to long-term credit for investment projects undertaken by the Small and Medium-sized enterprises. This Guarantee Fund is deployed through intermediary financial institutions or (IFIs) and managed by the Central Bank of Barbados (CBB). The Guarantees will cover loans for up to US$1 million, up to 80% of the loan amount, and up to a 10-year tenor.
Your Curriculum Vitae should be submitted no later than December 31, 2018 and addressed to Mr. Ian Collymore at ecgf@centralbank.org.bb