LONDON, March 11 (Bernama-BUSINESS WIRE) — Local business in the Caribbean islands of St Kitts and Nevis is thriving as small and medium enterprises were announced that they will soon be able to access a US$3-million funding pool. According to a recent press release issued by the Office of the Prime Minister of St Kitts and Nevis, the CARICOM Development Fund signed a concessional loan agreement with the Federation as part of the second cycle of the eight-year Country Assistance Programme.
The funding aims to facilitate entrepreneurs’ access to technical and financial assistance, improve competitiveness and productive capacity, promote innovation, boost employment rates and accelerate economic growth on the islands. The beneficiary sectors include women and youth start-ups, light manufacturing, agri-business and agriculture, tourism, infrastructure and sustainability.
