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IDB funds for SMEs finalized – photo

The Ministry of Finance has finalized an agreement with the Inter-American Development Bank to finance aid for small and medium sized enterprises in The Bahamas. The fund is worth $430,000. 

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TheBahamasInvestor.com
Thursday, March 22, 2012
Thursday, March 22, 2012

John Bain with Helen PerkinsMinistry of Finance has finalized an agreement with the Inter-American Development Bank (IDB) to finance the technical cooperation component for the preparation of the policy and institutional framework for the development of small and medium sized enterprises (SMEs) in The Bahamas.

This agreement represents a financial contribution of $430,000 through Compete Caribbean which will be disbursed through the IDB, Zhivargo Laing, Minister of State in the Ministry of Finance, said March 21.

These funds will be used to contract and pay individual experts or consulting firms needed to help put in place a comprehensive new business support framework for SMEs.

Minister of State in the Ministry of Finance Zhivargo Laing (left) and IDB Bahamas representative Astrid Wynter exchange agreements on SME development. (Click picture to enlarge)

Web-based programme developer in talks with junior mining enterprise ACM Corporation (Bahamas) on a possible business combination involving a stock split and name change, according to press release.

Luxury hotel chain Sandals officially opened the renovated Balmoral Tower accommodation at its Cable Beach resort on March 19. See pictures of the opening ceremony here.

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