During the new fiscal year, the Development Bank of Jamaica (DBJ) expects to provide $9.5 billion in loans to Micro, Small and Medium-sized Enterprises (MSME).
This is in addition to $6.24 billion in credit guarantees, US$24.4 million in equity financing, and capacity-building support to 440 entities.
According to the Public Bodies Estimates of Revenue and Expenditure for the fiscal year ending March 2023, the DBJ’s assistance is aimed at closing gaps in the MSME ecosystem that stifle sector growth by boosting entities’ access to business development and financing.
The DBJ will also help in the divestment of government assets by facilitating investment through public-private partnerships and privatizations.
