CTCS Provides Training for MSMEs Owners in Suriname

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More than thirty owners and operators of Micro, Small and Medium Enterprises (MSMEs) in Suriname have been provided with training in the use of Business Modeling techniques. The training was done by the Bank's Caribbean Technological Consultancy (CTCS) Network from August 4-8, 2014. The decision to train the entrepreneurs in Business Modelling techniques was arrived at during discussions between officials from CDB, Women in Business Suriname (WBS) and the Suriname Business Forum (SBF). CDB's Vice-President (Operations), Nigel Romano, told the participants the Bank will be providing one million US dollars for technical support to MSMEs in that country between now and 2018. The provision is in the Bank's Country Strategy for Suriname which was recently approved by CDB's Board of Directors. Director of the SBF, Gilbert van Dijk said the training was important as "MSMEs make a great contribution to our economy and we would like to enhance them within the framework our mission and vision in the Suriname Business Forum" These sentiments were echoed by President of the WBS, Marion Stekkel-Vroom who noted that "It is often said that MSMEs are the backbone of the economy, we now have the opportunity to put our resources effectively to work to strengthen the economy." The CTCS Network is CDB's premier technical assistance programme aimed at developing and improving the technical and managerial skills of entrepreneurs, as well as enhancing the productive capacity and competitiveness of MSMEs in the Bank's Borrowing Member Countries. The Network has committed to collaborate with the SBF and other private sector representative bodies in Suriname to design and implement Technical Assistance TA projects. This is in keeping with one of CDB's strategy to assist the Government of Suriname in the development of its private sector after joining the Bank last year.

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