At a time when small businesses in the region and further afield are reportedly experiencing “considerable difficulties” in securing financing “for initiatives associated with growth and expansion,” the recently launched Micro and Small Enterprise Development (MSED) project under the Small Business Bureau (SBB) reflects government’s focus on better positioning the sector to play a meaningful role in the country’s economy, SBB Chief Executive Officer Derrick Cummings has told the Stabroek Business.
Cummings was at the time commenting on the 2013 Global Economic Conditions Analysis released recently by the Association of Chartered Accountants (ACCA) and the Institute of Management Accountants (IMA).
According to the report, the current period of global economic recovery is “a delicate time” for SME’s with rising orders increasing the number of workers and capital to be financed. “If that is indeed the global condition, as far as the well-being of the small business community is concerned then that is all the more reason why local small business owners should want to