Export Saint Lucia will today host a panel discussion on Finance & Technical Assistance for MSMEs from 11 a.m. -12 p.m. at the NTN studios.
Access to finance is and has always been the vulnerable spot of micro, small and medium enterprises (MSMEs).
COVID-19 has increased this challenge as these small enterprises hit by zero cash flow due to the national lockdowns, must now identify the funding necessary to finance capital expenditure and working capital requirements for resuming business, post COVID-19.
The National Export Strategy of Saint Lucia identified Access to Finance as one of the key areas to be addressed to allow companies to improve their export capacity, citing it as “one of the most important constraints on MSME growth world-wide”.
As part of the implementation of the National Export Strategy, Export Saint Lucia will partner with the National Television Network (NTN) to raise awareness of opportunities for finance available to MSMEs from local financial institutions, and to build capacity of MSMEs to access these opportunities by educating on the requirements for securing these.