Page 77 - PNM General Election 2020 Manifesto
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maintenance and upgrade works, with an
additional $4M being allocated to auxiliary
services as part of the overall response to the
COVID-19 pandemic
GOOD GOVERNANCE AND INSTITUTIONAL
REFORM
• We enhanced the governance arrangement
between the THA and the Central Government by
facilitating THA representation and participation
on national bodies and committees with strategic
importance to Tobago • We facilitated the participation of Credit
Unions in Tobago in our Liquidity Support
• We collaborated with the THA and the Inter- Programme, thereby making the programme
American Development Bank to help modernise more accessible to Tobagonians
the accounting systems of the THA through the
adoption of the Public Financial Management • We facilitated the provision of soft loans and
(PFM) and Integrated Financial Management
Information System (IFMIS) a$30 million grant programme through
NEDCO for SMEs in Trinidad and in Tobago,
• We granted approval for the THA to raise a thereby providing additional financial
$300 Million bond to finance selected capital support to Tobago businesses
developmental projects in Tobago
• We provided further support to SMEs in
• We facilitated the engagement of THA with Trinidad and in Tobago through a $300M
multilateral agencies to provide financial and SME Stimulus Loan Programme
technical support for the development of Tobago
• We facilitated the collaboration between
• We collaborated with the THA and IDB on the national organisations such as EXPORTT,
development of THA Public-Private Partnership FashionTT and the Tobago House of
Programme Assembly for business development training
to help Tobago entrepreneurs penetrate
BUSNIESS DEVELOPMENT & ENTREPRENEURSHIP national and regional markets
• We assisted in diversifying and expanding • We collaborated with the THA to facilitate
Tobago's economy through financial support for the participation of Tobago entrepreneurs in
the Enterprise Assistance Grant Programme, the several national, regional and international
Enterprise Assistance Fund, the E-IDICOT and the trade shows and investment conventions,
Venture Capital Equity Fund Limited hence helping them to become export-ready
• We provided additional financial support to the • We collaborated with THA to further support
tune of $5M to the Enterprise Assistance Grant Tobago farmers and fishermen through the
Programme, the Enterprise Assistance Fund, as expansion of the Agriculture Incentive
part of the COVID-19 response strategy on the Programme by providing a grant facility of up
island to $100,000 through the National
Agricultural Finance Support Programme
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PNM THE RIGHT CHOICE ON AUGUST 10 People’s National Movement Manifesto 2020
