BRIDGETOWN, Barbados (CMC) – The Caribbean Development Bank (CDB) and the Small Business Association of Barbados have launched a regional initiative designed to help Micro, Small and Medium-sized Enterprises (MSMEs) strengthen their digital capabilities, improve competitiveness, and expand their participation in regional and global markets.

The project, titled “Reengineering MSMEs for Growth: Adoption and Application of Digital Solutions to Build Resilience and Global Competitiveness,” was officially launched here on Wednesday at the CDB Conference Centre.

The initiative will support a minimum of 150 MSMEs across Barbados, Dominica, Grenada, Saint Lucia, and Saint Vincent and the Grenadines, with targeted assistance to help firms assess their digital maturity, adopt practical digital solutions, and implement transformation plans. The project also places inclusion at its centre, with specific attention to women-led enterprises and underserved businesses that often face additional barriers to growth.