Page 52 - PNM General Election 2020 Manifesto

To achieve this, the PNM will: Secured Transactions Act, to allow SMEs to use
moveable property as collateral.
• Recapitalize the EXIMBANK to meet the needs
of the domestic manufacturing sector IMPROVE PRODUCTION

• Introduce blended finance which combines CAPACITY AND PROMOTE
existing finance mechanisms and development NEW AND NICHE PRODUCTS
finance

ACCELERATE IMPLEMENTATION OF THE
NATIONAL QUALITY POLICY FOR TRINIDAD AND
TOBAGO

The PNM will ensure that:

• An Independent Quality Accreditation Body is
established by 2022

• Accreditation of Public and Private Laboratories
• Increase the size of foreign currency windows is accelerated
for exporters and importers of essential goods
• The Regulatory Framework to support Trinidad
• Develop and offer a combination of credit and Tobago exports is improved and modernised
offers, such as trade finance, project finance and
working capital, and purpose-built concessional UPGRADE AND EXPAND INFRASTRUCTURE AT
loans THE INDUSTRIAL PARKS

• Provide financial support to small and medium- The PNM will:
sized enterprises involved in exports

DEVELOPMENT OF PRIVATE AND PUBLIC EQUITY
FINANCING

To drive expansion, particularly for SMEs, the
PNM will facilitate the use of Private Equity and
make it easier for SMEs to get themselves listed
on the Trinidad and Tobago Stock Exchange as a
means of increasing capital availability.

IMPLEMENT A SECURED TRANSACTIONS AND
COLLATERAL REGISTERY SYSTEM • Modernise and repurpose eTeck as a facilitator
of commercial development
Modern secured transactions law improves the
ability of SMEs to provide lenders with readily • Collaborate with tenant associations to create
accessible collateral. To facilitate this, the PNM condition to maximise output
will fast-track the drafting and passage of the

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PNM THE RIGHT CHOICE ON AUGUST 10 People’s National Movement Manifesto 2020