Connect Learn Finance
Service

BARBADOS: Measures to support MSMEs in response to COVID-19

Find below some measures available in Barbados to support MSMEs during the COVID-19 pandemic:

 

According to Prime Minister Mia Amor Mottley, the Barbados Tourism Fund Facility will be a loan entity designed to provide urgent working capital, investment loans, and where possible blended finance for the upgrade of Barbadian hotels and tourism businesses.

 

A $20 million Small Business Wage Fund is set to be established as a means to facilitate micro and small enterprises to help them cope with the challenges of the COVID-19 environment.

 

Companies registered to pay Value Added Tax (VAT) but can prove that their cash flow was severely disrupted by the COVID-19 pandemic and have implemented measures to contain the outbreak, have been given a $40 million lifeline.

 

Prime Minister Mia Amor Mottley announced the launch of a one-time Business Cessation Benefit for the self-employed that would see them receiving $1500 per month for April and May.

 

THIS CONTENT WAS ORIGINALLY PUBLISHED BY THE BARBADOS GOVERNMENT INFORMATION SERVICE (BGIS), WHICH IS THE OFFICIAL COMMUNICATIONS ARM OF THE BARBADOS GOVERNMENT.

 

Provided by:

Ministry of Finance and Economic Affairs of Barbados

Country:

Barbados Barbados

Sign In to ConnectAmericas
Forgot your password?
Don't have an account? Register here
Enter the e-mail you used when you registered
for ConnectAmericas to create
a new password