"I am ecstatic that we achieved these results in our first year" said Ashman-East of GoGSAT "we are here to stay and will only get better. We will be adding more fun GSAT learning activities to our system and will ensure that students are adequately prepared for their GSAT examination."
"Honourable Prime Minister, we at CYP salute your investment in the youth of the Commonwealth of Dominica. As a trusted partner and stakeholder in youth empowerment and development in the Region, we also reaffirm our continued commitment to working with your Government to support the emergence of empowered, educated and self-actualized youth who are beneficiaries to national and international development. We avail ourselves of this opportunity to renew assurances of our highest consideration," he stated.
The Loan Guarantee Fund has been established to facilitate youth entrepreneurs in accessing loans for micro enterprise development. A memorandum of Agreement was signed on March 16, 2005 between the Dominica Youth Business Trust and the National Development Foundation of Dominica, the Agricultural Industrial and Development Bank of and all the Cooperative Credit Unions.
Since the Trust was launched in 2004, eighty-nine young persons between the ages of 18-35, have graduated, having benefited from training courses in a number of areas, including: Small Business Management; Achievement Motivation and Financial Management. The Programme comprises a component of Personal Development, Small Business Development and Business Mentorship.
The Mission of the Dominica Youth Business Trust is: Empowering Dominican youth in realizing their entrepreneurial potential.
Ms Dwynette D. Eversley, Programme Manager responsible for Youth Enterprise and Sustainable Livelihoods, in commending Dominica, recalled that the Commonwealth Youth Credit Initiative (CYCI) model is predicated on Government's provided and enabling environment for youth business development.
When CYPCC met with the Honourable Prime Minister of Dominica earlier this year, he was very aware that young people face greater than average financing and other constraints in starting up their businesses and he shared several steps that his Government has taken to promote youth enterprise such as access to Government lands for agri-business and other targeted support.
"This direct financial injection takes the type of support we have received since starting up the DYBT programme in 2004 to another level" stated Ms. Eversley. "It is one of the most encouraging gestures in empowering young people through entrepreneurship, and the Hon. Prime Minister's initiative is clear evidence that the Government is committed to creating sustainable livelihoods for young Dominicans."
"We have had remarkable successes with our youth enterprise programme in so far. The Prime Minister's investment comes at a time when the success of the programme is creating more demand. There is a good team managing the delivery to the young people, and we hope this injection of capital can smooth the way for easier credit for youth businesses. If we can get similar levels of commitment from other regional Governments who are all committed to youth development, the social and economic fabric of our Caribbean community will certainly be positively transformed." Ms Eversley added.
Meanwhile, Micro-Credit Expert to , Dr Siddhartha Dash, feels that that government's boost of EC$2M to DYBT is a welcome sign at such a critical point in time. "It will go a long way in stimulating, supporting and sustaining the culture of entrepreneurship in ."
According to Dr. Dash, what is needed now is a long term plan and expertise in order to strengthen the various aspects of entrepreneurship. He noted that with the necessary support, will be a role model in the Caribbean when it come to entrepreneurship.
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