The Development Bank of Jamaica (DBJ), the state-owned development bank, is seeking two private investors to partner on two equity funds that will deploy US$6 billion to provide smart financing to SMEs. Under this project named ‘Financing Support for Business,’ DBJ will invest a total of US$2 billion in the two funds, while the private investors will have to commit at least US$4 billion in matching funds. The project comes under the more comprehensive SERVE Jamaica program, also known as the Govt’s Covid-19 support plan. The fund life is likely to be 10 years, with an additional period of fewer than five years.
