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  • For the 2020/21 fiscal year, the National Export-Import Bank of Jamaica Limited (EXIM) will continue to pursue activities aimed at facilitating the growth and development of micro, small and medium-sized enterprises (MSMEs).
  • Those targeted are involved in the manufacturing, agro-processing, mining, services, information, communications and technology and the creative industries.
  • This is contained in the 2020/21 Public Bodies’ Estimates of Revenue and Expenditure, tabled in the House of Representatives by Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke.

For the 2020/21 fiscal year, the National Export-Import Bank of Jamaica Limited (EXIM) will continue to pursue activities aimed at facilitating the growth and development of micro, small and medium-sized enterprises (MSMEs).

Those targeted are involved in the manufacturing, agro-processing, mining, services, information, communications and technology and the creative industries.

This is contained in the 2020/21 Public Bodies’ Estimates of Revenue and Expenditure, tabled in the House of Representatives by Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke.

The Bank also projects loan utilisation of $9,3 billion, supported by increased marketing activities, brand building and market analysis.

Its main activities for the 2020/21 financial year include facilitating improved export performance and growth in loan utilisation by increasing lending to exporters and linkages to support growth and development in these sectors; and promoting the expansion of the tourism linkages via the small and medium tourism enterprise loan facility to create more opportunities for local entrepreneurs to respond to market needs in the tourism and hospitality sector.

The Bank will also focus on improving service delivery and process flow through expanded use of technology with results obtained from core banking system reports and loan application.

The National Export-Import Bank of Jamaica Limited was incorporated as a limited liability company on February 26, 1986 and commenced operations on May 1, 1986. The Bank is a trade finance institution with 100 per cent shareholdings held by the Government of Jamaica.

It is engaged in activities aimed at supporting sustainable economic growth and development in Jamaica and supplies an extensive range of financial products to productive enterprises in the local and export sectors.

The EXIM Bank provides short-term financing to the non-traditional export sector to cover pre-shipment costs and post-shipment receivables and also assists other productive enterprises in the area of import substitution.

The Bank also administers trade credit facilities made available under foreign lines of credit and medium-term financing facilities through specific loan programmes to enhance competitiveness within the productive sector.

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