The Caribbean Development Bank (CDB) has approved a grant to support the Development Bank of Jamaica in those efforts.
On Thursday, the bank announced that it will provide US$55,400 in funding to support the design of an Environmental and Social Management System (ESMS) to better manage environmental and social risks in its portfolio.
The Development Bank of Jamaica (DBJ), has been trying to ensure that its operations address environmental, social and wider sustainability considerations that can otherwise deter investment or impact job creation, growth and poverty reduction.
The project will be executed through the Office of the Managing Director of the DBJ.
The DBJ was established in 2002 to provide Jamaican businesses with access to development financing.
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