Minister: Fund Access, Trust Loans reforms coming

In a bold move to revitalize the financial landscape for micro, small, and medium-sized enterprises (MSMEs), the Barbadian government has unveiled plans for a comprehensive restructuring of Fund Access and Trust Loans by 2026. Business Minister Senator Lisa Cummins announced the initiative during her keynote address at the Innovation Growth Market (IGM) 200 Conference, held at the Hilton Barbados Resort. The reform aims to address the limitations of the current debt-financing model, which Senator Cummins described as ‘outdated’ and ill-suited for modern enterprises.