Business
Minister Imbert Launches Catalytic Fund to Support Smes, Boost Exports, Drive Diversification, and Promote Sustainability
Finance Minister Colm Imbert launched the Catalytic Fund, designed to support small and medium enterprises (SMEs) in Trinidad and Tobago. Developed in partnership with EXIMBANK and the Development Bank of Latin America (CAF), the Fund offers tailored financing, reduced lending costs, and advisory services. This initiative will provide affordable loans with lower collateral requirements, helping SMEs grow, expand, and enhance their operations, particularly in sectors like ICT, agriculture, and creative industries. Over 100 businesses are expected to benefit, driving diversification and boosting exports. The government aims to strengthen these sectors through strategic policies, including tax credits and grants for innovation. Minister Imbert stressed the importance of sustainability, with the Fund supporting projects aligned with the country’s development goals. He stated that by fostering a competitive, export-focused SME sector, the Fund will help Trinidad and Tobago’s economy adapt to global changes and reduce reliance on energy exports.
