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- Operations
- Development Bank of Jamaica
Development Bank of Jamaica
Jamaica
| Borrower | Development Bank of Jamaica (DBJ) |
| Financing Type | Private Sector & Trade Finance |
| Instrument | Private Sector Debt |
| Focus Area | Financial |
| Approved | 14.03.2002 |
| Signed | 11.11.2002 |
| Status | Completed |
| Loan Administrator | OPEC Fund |
| OPEC Fund Contribution (US$m) | 5.00 |
The Development Bank of Jamaica was established
in April 2000 with the aim of enhancing
the efficiency of the development banking sector.
Through its pivotal role in providing mediumterm
finance, the Development Bank has
become a catalyst for investment and economic
growth in Jamaica. It also serves as a wholesaler
of funds and promotes on-lending through
approved financial intermediaries. The final beneficiaries
of this line of credit from the Fund will
include small- and medium-scale enterprises in
the agricultural, agro-processing, manufacturing,
mining and tourism sectors.