Fund gets cash injection – Barbados Today


The financial lifeline that was established two years ago to assist micro and small businesses is receiving additional funding from another government agency.Gerry Amos, Manager of the Barbados Trust Fund Ltd., said that entity is in line for a $4 million top up from its counterpart, FundAccss.In a brief update on Wednesday, Amos told Barbados TODAY that $2.5 million has already been transferred, adding that it was being moved from the Wage Subsidy Fund of FundAccess, which was set up this year as part of Government’s assistance for the small business sector affected by the COVID-19 pandemic.
Next Post

Effect of pandemic “lengthening and deepening” - IDB - Barbados Today

Predicting at least an 11.6 per cent economic decline for Barbados this year, the Inter-American Development Bank (IDB) is warning that Caribbean economies will need more aggressive fiscal actions to protect their productive assets.In addition, the Washington-based institution is warning that countries will need to invest to ensure more sustainable […]