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EU - Development Financing

7.2 Development Financing

In many instances, new business entities or even established small and medium sized entities are hampered by lack of traditional means of export financing. In recognition of this, several of the Caribbean region's development partners offer grants and loans to such enterprises under structured financial and technical assistance mechanisms. Some of these programmes may not explicitly cover export activities, but may address other areas of a firm's operations which could eventually lead to increased exports. Some of the financing offered by EU agencies are outlined in the following below:

Area of Intervention

Actions/Programmes

Objectives

Investment Financing

European   Investment   Bank   (EIB)   -

€1.5b

http://www.eib.org/

Support private sector investment projects thatare economically, technically, environmentally and financially viable and have a development and a poverty - reduction impact in the ACPs.

Business  DevelopmentServices (e.g. certification, standards etc)

Centre for Development of Enterprise

(CDE) - €108m

http://www.cde.int/?lang=en

CDE supports the implementation of private sector development strategies in ACP countries by providing non-financial services to ACP companies and businesses and support to joint initiatives set up by economic operators of the EC and the ACP States.

Support for  Micro-Enterprises

EU-ACP  Micro-finance Programme 

 -€36m 

http://ec.europa.eu/europeaid/where/acp/regional-cooperation/microfinance/index_en.ht m

To build the capacity of key microfinance actors and enhance equity and efficiency in ACP microfinance markets to ensure financial inclusion for microenterprises and low income households.

Source: Karvinen, Tehri (2011). EU Delegation to Trinidad & Tobago. http://www.jurisint.org/en/con/index.html