JMMB Considers Funding Partnership with IDB Invest

• JMMB Group Limited is looking into a partnership with the private sector financing arm of the Inter-American Development Bank, IDB Invest.
• In a release, the financial group says the funding partnership being considered could provide financing of up to US$100Mn. This would be used to support JMMB's funding pipeline for micro, small and medium sized enterprises, including women-led initiatives.
• JMMB is also looking to use the money to develop and grow a green loan portfolio in Jamaica. The funding would also support its digitalisation strategy.
• Notably, the actual completion of the transaction is contingent upon various factors, including but not limited to market conditions, authorisations and approvals, and the satisfaction of customary closing conditions.

 (Source: RJR News)