Markets

Caribbean Banks to Increase Credit for Small Businesses: Report

By: Caribbean Journal Staff - November 16, 2011

Above: Claughton House in Nassau (Photo: CJ)

By the Caribbean Journal staff

A large majority of banks in the Latin American and Caribbean region consider small- and medium-sized enterprises a strong part of their business, and plan to increase their credit portfolio for this sector in the next two years.

The data comes from a survey of 190 regional banks by the Inter-American Development Bank and the Latin American Banking Federation, with 73 percent expecting an increase in their SME portfolio, and 83 percent expecting the economic situation of these businesses to improve in the next two years.

According to the survey, banks in the Caribbean and Central America are the biggest beneficiaries of international credit lines and financing from international institutions.

The survey was conducted by Argentine consulting firm D’Alessio, with contributions from the Inter-American Investment Corporation, the beyondBanking programme and the Multilateral Investment Fund; all three are private sector windows of the IDB.

Popular Posts jamaica new hotel montego bay

Looking for a Budget-Friendly Montego Bay Vacation? There's a New Hotel for That  

It’s home to one of the most famous streets in the Caribbean, named after one of Jamaica’s global music icons: Jimmy Cliff Boulevard.  While the heavily-trafficked street has seen its share of ups and downs in recent decades, that’s been […]


At These 13 Resorts, You Can Take the Perfect Adventure-Filled Vacation in Belize

belize blancaneaux

Belize, a Caribbean travel destination full of natural wonders that also happens to have some of the coolest adventure resorts on the planet, from top-flight jungle hotels to luxurious river lodges and just about everything in between, whether you’re seeking […]


Why Ambergris Caye, Belize is the Caribbean Capital of Overwater Bars

belize san pedro ambergris caye

You can hear the ballad from Palapa halfway across Ambergris Caye; for a moment you swear the voice belongs to Dolly Parton herself.  Palapa is the town’s most prominent stage, hosting a revolving door of talented artists for intimate concerts […]


Related Posts

Suriname to Receive $100 Million in Loans From IDB, China

Above: Suriname’s National Assembly By the Caribbean Journal staff Suriname will be receiving a pair of $50 million loans from the Inter-American Development Bank and the China Co-financing Fund for Latin America and the Caribbean. The funding is part of […]


Haiti, IDB to Partner on Green Energy Projects in Rural Areas

Above: Port-au-Prince (CJ Photo) By the Caribbean Journal staff The Inter-American Development bank has approved a grant for a $3 million cooperation project with the government of Haiti to test green energy projects. The projects will test models based on […]


IDB, EU Sign Agreement on Latin American, Caribbean Development

Above: Fort de France, Martinique (CJ Photo) By the Caribbean Journal staff The Inter-American Development Bank and the European Union have signed a Memorandum of Understanding aimed at enhancing cooperation to improve development in Latin America and the Caribbean. The […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You