Minister of Finance Dr. Nigel Clarke - file photo
The Development Bank of Jamaica (DBJ) is to lend $5 billion to micro, small and medium-sized enterprises (MSMEs) over the next 12 months.
Minister of Finance Dr. Nigel Clarke said the loans will be facilitated under the Government's revamped Credit Enhancement Facility (CEF).
The CEF, which is financed by the Inter-American Development Bank, was established in 2009 to increase access to credit for MSMEs that lacked adequate collateral to secure loans.
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