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  • 9 months ago
The Confederation of Regional Business Chambers says the government seems not have the interest of the small businesses at heart.

As Nicole M Romany tells us, Confederation Chairman Vivek Charran shared his view on Friday's Morning Edition.
Transcript
00:00According to Mr. Charon, the foreign exchange problem for small and medium enterprises is
00:06continually worsening. Charon says the SMEs have not been getting access to Forex. He
00:13tells us efforts were made in the past to seek assistance for foreign exchange from
00:19government but to no avail.
00:21We met with the Minister of Finance, the past Minister of Finance, the Confederation of
00:25Regional Chambers. We met with the Ex-Im Bank. At both meetings, Marlon, we were told there's
00:30nothing really for us. You understand, there's no more money in the Ex-Im Bank.
00:34He says the government has to reconsider giving 80, 90 or 100 percent support to larger exporters
00:43who save their foreign exchange abroad. Charon says these companies earn large profits but it
00:49does not translate to greater employment or expansion in the local sector. He stresses
00:55businesses that the SMEs are being neglected.
00:58Things are becoming worse and worse for the SMEs. For many reasons, Marlon, because, you
01:04know, I have to be honest and say I don't believe that the government, this government has had
01:10our best interests at heart. I cannot believe that on the eve of the election is the only time
01:16suddenly we would get a call and be welcome to speak to the Minister of Finance.
01:21He says too many businesses have been forced to shut down due to financial woes. Charon
01:28says it's a matter of policy and governance. I watch ministers having a good time and whining
01:34on the stage when they name called and stuff like that but then what is the reality of their
01:39performance? They might be nice people, fun people but what is the reality of their performance
01:43over the last 10 years? Last month, Prime Minister Stuart Young said one of his main concerns regarding
01:50foreign exchange is the impact on ordinary citizens. In the meeting that was held with
01:56officials from the Central Bank and the Bankers Association, the Prime Minister listed two critical
02:02areas for discussion. One, limited access to Forex for ordinary citizens and two, addressing bank charges
02:11and fees. Nicole M. Romany, TV6 News.
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