Bridgetown.
CIBC FirstCaribbean International Bank should make financing for business startups more accessible.
This advise was given by Prime Minister of Barbados Fruendel Stuart at the naming ceremony of the bank headquarters at Warrens, St. Michael in honour of its retiring Executive Chairman, Michael Mansoor.
Stuart suggested the institution works with government in assisting the creative energies of young people and entrepreneurship.
He noted that over the past 10 years, the bank has been trying to change the mindset of young Caribbean people, getting them to use their talents and skills to create wealth and employment, particularly in difficult times.
“I therefore now implore CIBC FirstCaribbean International Bank to follow through in the spreading of the entrepreneurial culture to all sectors of our societies by leading the charge to facilitate access to capital,” the government leader asserted. “Research by many agencies involved in supporting micro and small business enterprise, shows that a major barrier to establishing a viable business, is inadequate see funding,” he added.
