While Barbados’ financial system is sound, when it comes to the ease of doing business access to credit for small and medium enterprises continues to be a weak area in the world bank’s ease of doing business index.
That’s according to head of the department of economics at the University of the West Indies’ Cave Hill Campus, Professor Dr. Justin Robinson.
He made the comment during a ceremony to launch Unicomer Barbados Court’s ready finance micro-loans for small businesses.
He says such initiatives by Courts are therefore helpful, since they assist government in providing financial solutions.
Dr. Robinson, who is also Executive Director and acting CEO, of the Sagicor Cave Hill School of Business, adds that financial systems need diversity.