More Access to Funding for Local Artisans

Photo: Donald Delahaye Minister of Tourism, Hon. Edmund Bartlett, fits a hat at the Craft Enhancement Project Recognition and Awards Ceremony, held on July 12, at the New Kingston Business Centre.

Story Highlights

  • The Tourism Ministry will be increasing access to funding for local artisans through partnerships with local financial institutions.
  • The MOU will enable the provision of $500 million for small and medium tourism entities.
  • The event was held to recognise 180 certified graduates from the Craft Enhancement Project.

The Tourism Ministry will be increasing access to funding for local artisans through partnerships with local financial institutions.

Minister of Tourism, Hon. Edmund Bartlett, says the Ministry is in discussions with the EXIM Bank, which will lead to the signing of a Memorandum of Understanding (MOU) soon.

The MOU will enable the provision of $500 million for small and medium tourism entities.

“We have to marry your creativity with access to financing,” the Minister said, while speaking at a Craft Enhancement Project Recognition and Awards ceremony on July 12, at the New Kingston Business Centre.

Additionally, the Minister cited the micro-loan programme available to craft enterprises, through Jamaica National Small Business (JNSB) at competitive interest rates.

Meanwhile, Mr. Bartlett said the sector expects to be earning US$5 billion annually by 2021, and to be hosting five million tourists annually by that time.

The event was held to recognise 180 certified graduates from the Craft Enhancement Project. The project was a joint venture between the Ministry of Tourism and the Organization of American States (OAS).

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