INDUSTRIAL CREDIT
Sector: Manufacturing (Industrial) • Location: Barbados
Source: World Bank Group
The Industrial Credit Project will support the development of industrial and tourism sectors by making credit available through eligible financial intermediaries.The objectives will be to: (i) accelerate investment to expand industrial output and exports; (ii) generate increased employment to absorb part of the expanding labor force and help alleviate unemployment; (iii) establish a new mechanism
- Status
- Closed
- Sector
- Manufacturing (Industrial), Hotel, Government
- Location
- Barbados
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency |
Status
Original status | closed |
Taiyo status | Closed |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The Industrial Credit Project will support the development of industrial and tourism sectors by making credit available through eligible financial intermediaries.The objectives will be to: (i) accelerate investment to expand industrial output and exports; (ii) generate increased employment to absorb part of the expanding labor force and help alleviate unemployment; (iii) establish a new mechanism for expanding the supply of term credit by using all the banking institutions; and (iv) contribute the Government's energy conservation program by financing energy-saving devices and processes. An Industrial Credit Fund (ICF) will be established in the CBB with separate funds, accounts and staff to provide term financing to industrial and tourism enterprises through financial intermediaries. The project includes technical assistance to the CBB, and possibly, the Barbados National Bank and the Barbados Development Bank. About 100 subloans averaging US$150,000 are expected to be made. Investments partly financed by these subloans are expected to create about 1,000 new jobs, at an estimated average cost of US$15,000 per job. |
Original sector | Financial Sector |
Location
Country | Barbados |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Manufacturing (Industrial), Hotel, Government |
Article published date | 2025-12-17 |
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