Jamaican Ministry of Tourism plans to financially support SMEs

Jamaican Ministry of Tourism plans to financially support SMEs

Jamaican Ministry of Tourism plans to financially support SMEs 1920 1080 admin

As a monetary effort to aid tourism businesses amidst the crisis of Coronavirus, the Minister of Tourism in Jamaica, Edmund Bartlett, has reported that 2 billion Jamaican dollars will be allocated to Small and Medium Tourism Enterprises (SMEs). Advocated by the Tourism Enhancement Fund (TEF), the funding will come from multilateral partners and financial institutions such as the Development Bank of Jamaica, World Bank, Jamaica Social Investment Fund, EXIM Bank, and Jamaica National Group. The tourism businesses operating with a small array of employees and customers will benefit from access to a suite of loan facilities ranging from J$5 Million up to $J30 Million.