Gov’t and IDB Sign US$50 Million Agreement For MSME Project

• The Government and Inter-American Development Bank (IDB) have signed an US$50 million loan agreement to implement the Boosting Innovation, Growth, and Entrepreneurship Ecosystems (BIGEE) Programme over the next 10 years.
• Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, in his remarks, said the BIGEE Programme is intended to fill gaps within Jamaica’s entrepreneurial ecosystem, while strengthening the existing framework
• The project will provide financial and technical assistance support for Micro, Small and Medium-size Enterprises (MSMEs), scalable and new business start-ups with high growth potential, and entrepreneurs with sustainable business ideas.
• It will also benefit incubators, business support accelerators, and academia focused on the innovation and entrepreneurship ecosystem.

(Source: JIS)