Dominica: Private Sector Facilitator of the CARICOM Secretariat, Leela Ramoutar, has raised concerns over the challenges faced by Small and Medium Enterprises (SME) in the Caribbean. Ramoutar told a consultation in Roseau on Wednesday that while the private sector must be considered the engine of growth, its challenges had not been reduced over the years, according to a report on Dominica NewsOnline.
“Due to recent developments in the local economy, these constraints have been further compounded. Most regrettable is the fact that challenges faced by the SME’s for well over ten years have remained exactly what they are – challenges…We have not dealt with these challenges in any significant ways,” according to Ramoutar.
The DNO report said Ramoutar stated the identified constraints are by themselves powerful enough to bring the private sector to its knees and added “It is not unreasonable to ask why after years of hard work and millions of dollars we have not achieved the desired results and why after all these constraints are still a nightmare for the SME sector”.
The event was being held under the theme “Towards an Agenda for improved Performance for the Small Business Sector”.
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