Source: Nation - Barbados
Published on: 10/22/07.
HIGH INSURANCE PREMIUMS, high interest rates on loans and inadequate information on the CARICOM Single Market and Economy (CSME) – due in part to uninformed public officials – are just some of the complaints reaching the CSME Unit's office for attention.
He also criticised some public officers whom he accused of often retarding the CSME process due to inadequate information on the subject.
"The CSME process is being frustrated by uninformed public sector officers who have inadequate information on the entire process," he said during an Association of Certified Chartered Accountants forum on small and medium-sized enterprises (SMEs) at Sherbourne Conference Centre on Friday.
In outlining what the Barbados-based unit would do to support SMEs, Forte cited discussions on a financial services agreement which would help facilitate information-trading on the creditworthiness of Caribbean entrepreneurs as they moved through the region.
"Without that arrangement it is possible that people with bad credit history could move cross-border and corrupt our financial sector," Forte warned.
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