– for Small and Medium Enterprises development ?Guyana on Friday signed another agreement under the Guyana Redd+ Investment Fund (GRIF). This time it was for a US$5M fund for the development of small and micro enterprises with the Inter-American Development Bank (IDB) as its partner entity.Minister of Finance, Dr. Ashni Singh, signed the non-reimbursable agreement with IDB Resident Representative, Sophia Makonnen, in the Boardroom of the Ministry of Finance, Main Street, for funding to be made available from the GRIF that would target building of alternative livelihood for vulnerable groups which currently has limited access to financing and limited technical and business skills.“The fact that this project is funded under the GRIF,Minister of Finance Dr. Ashni Singh and Resident Representative, Inter-American Development Bank (IDB) Sophia Makonnen following the signing of the non-reimbursable financing agreement to the tune of US$5M for the execution.and in particular the fact that the IDB today is playing the role of partner entity under the GRIF institutional mechanism,Cheap Nike Air Max Wholesale, is significant because we have worked very hard with all of the partners involved in this process to design an administrative mechanism that would see the funds intermediate in an efficient way and would see the funds delivered ultimately to the intended beneficiaries. We are happy therefore to see GRIF projects materialise,Nike NFL Jerseys China,” he said.The other projects that have been signed for execution under GRIF funding are an institutional strengthening project for the Rupununi, in which the IDB is also the partner entity with Guyana. The other is the Amerindian Development Fund in partnership with the United Nations Development Programme (UNDP).This third signing, according to a statement from Government, is continued validation that the Government of Guyana’s partnership with the Government and people of Norway to provide global environment service, Minister Singh noted as well.He said that the partnership in its own right was pioneering in so many ways and that “projects like this, funded by the investment fund that was established under this partnership with Norway, projects like these are important from that standpoint, they represent the manifestation of this partnership in project implementation.”There is also the other position from which the project addresses the development of small and micro enterprises, an area that Government has been seeking to address.Singh said that Government has recognised for a long time the extremely important role that small and medium enterprises can play, and have played in transforming the economic landscape of the country,Cheap NFL Shop, particularly of communities, families and individuals, and so over the years have been encouraging small business development from a number of fronts and through various avenues.“This really represents our latest effort as it relates to promoting small businesses,” he said.The project will address the constraint of lack of access to financing by establishing among others a credit guarantee fund, an interest support facility and a Low Carbon Development Strategy (LCDS) grant scheme, Minister Singh said.He said that all of the afore-mentioned schemes will be executed through partnerships inclusive of the private sector and financial institutions.Lack of skills will be addressed through a training voucher scheme, he said, and this will also encompass guidance on how to access financing,Wholesale Jerseys 2018, and in particular for projects that are consistent and in line with LCDS.He noted that the project represents a single element of what is much broader,Krystian Bielik Arsenal Jersey UK, Government’s strategy for promoting small business development, and mentioned other initiatives like the set up of operation by year-end of a Credit Bureau to provide easier and more affordable access to financing for SMEs.The Micro and Small Enterprise Development and building alternative livelihoods for vulnerable groups initiative was approved by the IDB on February 7.Makonnen stated that the goal of the project is to support the reorientation of the economy into a low carbon cap as envisioned in the LCDs and to create incentives for small businesses to invest in LCDS. She listed upscaling in SMEs productive activities, more SMEs gravitating towards the low carbon sector and less carbon emission from the project.The “Micro and Small Enterprise Development and building alternative livelihoods for vulnerable groups” will be implemented by the Ministry of Tourism,NFL Jerseys From China, Industry and Commerce