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to improve the uptake of funds by regional private sector firms
and BSOs to the facility and ultimately increase the number of
successful applications.
RegionalBSOsalsocollaboratewithCaribbeanExport inproviding
access to finance for firms, not only via the delivery of grant
proposal writing, but also through the sensitization of financial
institutions. Like Caribbean Export, support organisations,
are cognizant of the challenges faced by their members when
interfacing with the regional banking and financial sector.
Therefore, BSO cooperation is essential when advocating the
importance of financing facilities geared towards providing aid
for SMEs and entrepreneurs. As a result, Caribbean Export has
successfully signed six Memorandums of Understanding (MOUs)
in five countries: Antigua and Barbuda, Bahamas, Dominica,
Jamaica, and Suriname.
Regional Financial Institutions Signing MOUs with Caribbean Export
Financial Institution
Antigua and Barbuda Development Bank
Bahamas Development Bank
Grand Bahama Port Authority Limited
Dominica Coalition of Services Industries
National Foundation of Dominica
The National Export-Import Bank of Jamaica
The Suriname National Development Bank
Country
Antigua and Barbuda
Bahamas
Bahamas
Dominica
Dominica
Jamaica
Suriname
The grant writing workshops are carried out across CARIFORUM
in partnership with national BSOs with the objective of not only
increasing awareness amongst the private sector and BSOs
but also to explain and illustrate to the attending BSOs how to
prepare an application for grant funding, inclusive of objectives,
goals, outputs, methodology, description of activities, action
plan and budget development. This knowledge transfer to BSOs
is crucial capacity building, if they are to successfully provide
hands-on assistance to their clients when they are preparing
applications.
Strengthening BSO Partnerships