stluciatimes, caribbean, caribbeannews, stlucia, saintlucia, stlucianews, saintlucianews, stluciatimesnews, saintluciatimes, stlucianewsonline, saintlucianewsonline, st lucia news online, stlucia news online, loop news, loopnewsbarbados

spot_img

loop news st lucia, the loop st lucia, loop st lucia, st lucia loop news online, st lucia news online today, st lucia, st lucia news, stlucia news, st lucia news online, stlucianewsonline, st. lucia news online, st lucia breaking news, stlucianews

ECCB Governor Says The Region Needs More Entrepreneurs

Join Our WhatsApp Channel

Get news updates directly on your mobile device through WhatsApp

- Advertisement -

Eastern Caribbean Central Bank (ECCB) Governor Timothy Antoine has declared that the region needs more entrepreneurs and has urged more youth involvement in job creation.

In an address amid the observance of Financial Information Month (FIM) in October, Antoine explained that the benefits of entrepreneurship go well beyond businesses and their owners.

 He observed that entrepreneurship is often the foundation for inter-generational wealth and a driver of innovation and job creation.

“Our region needs more entrepreneurs. We want to see more of our youth pursue and fulfill their dreams to own businesses and create their own jobs,” the ECCB Governor stated.

- Advertisement -

But he noted that one of the biggest impediments to their aspirations is a lack of access to credit and finance.

In this regard, he pointed to the launch in October 2020 of the Eastern Caribbean Partial Credit Guarantee.

And Antoine disclosed that under this programme, qualifying loans of up to $750,000 issued by participating financial institutions receive a 75 percent guarantee, making credit more accessible to entrepreneurs and small businesses.

I encourage you to ask your financial institutions about this programme,” the ECCB Governor said.

The ECCB and its partners launched Financial Information Month 2022 throughout the eight ECCB member countries on October 1.

The overarching theme for the month is Financial Empowerment Through Education.

 

- Advertisement -
Editorial Staff
Our Editorial Staff at St. Lucia Times is a team publishing news and other articles to over 200,000 regular monthly readers in Saint Lucia and in over 150 other countries worldwide.

Please note that comments are being moderated. When commenting, please remember: 1) be respectful of all, 2) don't make accusations or post anything that is unverified, 3) don't include foul language, 4) limit links, 5) use words not volume, 6) don't add promotional content. Comments that do not meet the above criteria or adhere to our "Commenting Policy" will not be published.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

TRENDING

Subscribe to our St. Lucia Times Newsletter

Get our headlines emailed to you every day.

Share via
Send this to a friend