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NY Daily NewsThere's a lot of action taking place in Barbados - all with the goals of boosting economic development and reducing business failures.

With these objectives as targets, the Barbados Entrepreneurs' Venture Capital Fund started late last month to encourage the island's investments market and entrepreneurs.

And Barbados Prime Minister David Thompson immediately encouraged the economic bandwagon by announcing that his government will guarantee for the principal amount invested in the fund.

Barbados Entrepreneurs' Venture Capital Fund a big boost to island's economy