SME Finance Forum member, Inter-American Development Bank (IDB) will invest US $50 million a year towards, tourism, infrastructure, transportation, ports, roads, as well as in the financial sector projects in Jamaica. 

The investment is through IDB’s invest arm, according to the article, IDB Invest. 

“This latest expanded financial framework from the IDB Invest, which will allow projects as small as US$1 million to be included, will help tremendously in improving SMEs investment in our tourism, infrastructure, transportation and financial sector,” said Jamaica’s ambassador to the United States and chair of the CARICOM caucus of ambassadors, Audrey Marks.

The CARICOM caucus of ambassadors is working to attract new investments and strengthening Caribbean identity across the bank.