Jamaica launches $1B ‘Go Digital’ initiative -CARICOM Business

The Ministry of Industry, Investment and Commerce has earmarked $1 billion to fund the ‘Go Digital’ initiative, being spearheaded by the Jamaica Business Development Corporation (JBDC) to support small businesses.

That’s the word from Jamaica’s Minister of Industry, Investment and
Commerce Audley Shaw in his recent contribution to the 2021/22 Sectoral Budget.

According to Mr. Shaw, the JBDC reported that among other COVID-19-induced adverse impacts, some 34% of its clients experienced a reduction in sales and 22% had to close temporarily. He also highlighted that the JBDC in association with Sagicor Bank are designing innovative funding solutions targeting MSMEs.

Extract from CARICOM BUSINESS Vol. 4 No. 19

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Source: CARICOM TODAY