US $25 MILLION EXIM BANK WINDOW REOPENDED
Автор: Tobago Updates
Загружено: 2024-11-04
Просмотров: 59
Описание: Finance Minister Colm Imbert announced on November 3rd that EximBank’s foreign exchange window has reopened with a monthly allocation of US$25 million. This is aimed at assisting the business sector with accessing FOREX to purchase goods. The Cabinet’s decision to resume the facility, effective November 1st, followed a review by the Finance Ministry. Initially launched in 2020 during the COVID-19 pandemic, the forex window provided access to essential items not manufactured locally, including cleaning supplies, pharmaceuticals, and select foods. The allocation has been reduced by US$5 million compared to previous funding. The revised list will no longer consider some pandemic-related items, like hand sanitisers and face masks, as essential. Imbert noted that local manufacturing’s role is under review, with potential changes to forex access for inputs supporting domestic production. consultations with stakeholders.
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