Eximbank And CAF Partner To Strengthen SMEs And Drive Export Growth In T&T

Over 100 Small and Medium Enterprises (SMEs) in Trinidad and Tobago will benefit from a US$35 million investment loan aimed at boosting their growth and expansion into new markets. The Loan Agreement was signed by Finance Minister Colm Imbert and Director Representative for CAF – Development Bank of Latin America and the Caribbean, Bernardo Requena. The loan is part of EXIMBANK’s 2022-2026 Strategic Plan and will help businesses upgrade their operations, adopt new technologies, and improve product quality, positioning them for export growth. Minister Imbert said government's goal is to create an environment where Small and Medium Enterprises can thrive, and this enhanced financing option is a major step in that direction. CAF's Director Representative said the partnership is aligned with CAF’s mission to build resilient, innovative and sustainable economies across Latin America and the Caribbean.