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MSME sector faces financing challenges despite huge contribution to GDP

The Planning Institute of Jamaica had disclosed that the MSME sector contributes forty per cent of GDP, employs more than a third of the labour force, and pays in excess of $80 billion in taxes.
 
Despite this, however, the sector faces serious financing challenges.
 
As a result, PSOJ president Metry Seaga is urging the financial sector to rethink its rigid lending requirements and better support entrepreneurs.
 


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