CDB President Daniel Best
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The Caribbean Development Bank (CDB) will be launching three new products to boost the private sector.
CDB President Daniel Best gave details in an interview with our news centre at this week's annual news conference in Barbados.
Mr. Best said part of the strategy is to unlock excess liquidity in the private sector, "providing guarantee scheme, and I'm speaking here about the Trade Facilitation Programme, which would provide cover to commercial banks, to lend more to the private sector."
The second initiative, he explained, will be a Partial Credit Guarantee Scheme, "which would primarily be around fifty per cent guarantee, partnering with commercial banks, in this case."
He added that an e-mobility fund will also be introduced: "Funds that would be intervened through domestic financial institutions, where public and private sector vehicle owners can draw on this fund for conversion of their vehicles to e-hybrid type vehicles."
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