Challenges For MSMEs and Financing Instruments: Trinidad and Tobago
27 de abril de 2017
Fuente:
http://www.sela.org/es/eventos/2017/04/financiamiento-y-garantias-mipymes/agenda/
Santo Domingo, Dominican Republic, April 19 – 21, 2017
SESSION I. CARIBBEAN PANEL: STATUS OF FINANCING AND GUARANTEES FOR MSMEs IN CARIBBEAN COUNTRIES. RECOMENDATIONS BASED ON BEST PRACTICES
Challenges For MSMEs and Financing Instruments: Trinidad and Tobago
Presentation of Ms. Willa Guy-Straker Director, National Entrepreneurship Development Company Limited, Trinidad and Tobago.
Trinidad and Tobago Overview:
- Population - 1.3 Million
- Gross Domestic Product US$23 Billion
- Per Capita GDP US$17,000
- Heavily dependent on oil and gas
- Urgent imperative for economic transformation and diversification
- Lower oil and gas prices
- Lower oil and gas production
- Gov’t revenue from US$8 Billion to US$6.3 Billion
- Revenue from oil and gas from US$2.86 to US$1 Billion
Challenges of Caribbean MSMEs
- Improvement in management/entrepreneurial skills
- Training, mentoring, accessible business support services
- Access to market opportunities
- Discrimination against smaller businesses, access to export opportunities (quality, limited capacity)
- Access to effective business environment
- Low ease of doing business ranking (96th out of 190)
- Access to Financing
- Limited access to appropriate financing
- Risk profile not acceptable to financiers Innovation not supported by appropriate financing