The Development Bank of Jamaica has secured a €400,000 grant from the Agence Française de Développement (AFD) to support Jamaican micro, small and medium-sized enterprises (MSMEs).
The grant will fund a technical assistance programme aimed at strengthening DBJ's operations and improving access to financing for MSMEs, particularly in sectors like agriculture, renewable energy, education and healthcare.
It complements a US$5 million credit facility signed earlier this year to support climate and social investments.
DBJ Managing Director Dr. David Lowe says the initiative will help Jamaican MSMEs become key drivers of sustainable growth.
AFD's regional director, Marc Duburnet, added that the support will also empower female entrepreneurs and boost job creation.
MSMEs account for more than 60% of Jamaica's employment, making their resilience vital to economic progress.
DBJ says it provided capital to 8,792 micro, small and medium sized enterprises during the 2024-2025 fiscal year.
The bank also says 80% of this money was disbursed through approved financial institutions, such as commercial banks and microfinance institutions, while it disbursed the remaining 20%.
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