ormer SBAJ president.

Acting managing director of the Government-owned National Export-Import Bank of Jamaica (EXIM Bank) Errol Barnaby has assured micro, small, and medium enterprises (MSMEs) of its willingness to increase support for the sector this year.

Guest speaker at a Biz-Social hosted by the Small Business Association of Jamaica (SBAJ) at the bank’s head office, Hope Road, Kingston, recently, Barnaby indicated that the underserving of the MSMEs has led the bank to ensure that its strategic objectives for this year will be focused on achieving a strengthened MSME sector, which will stimulate economic growth by generating more income in the economy and inevitably increase productive employment.

“The fact that MSMEs are underserved by the traditional banking sector, as they are considered risky businesses and are issued high unsustainable interest rates, help to inform our processes and how we structure our rates here at EXIM,” he noted.

https://www.jamaicaobserver.com/business/small-businesses-get-big-praises-from-exim-banks-boss/