Caribbean Financial Network

Development Bank of Jamaica Limited

"Facilitating economic growth and development"

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ContactMilderton Reynolds
TitleManaging Director
Biz Phone
876- 929-4000
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The Development Bank of Jamaica Limited (DBJ) is a wholly owned Government institution and its only shareholder is the Accountant-General. The Bank is a result of the merger of two national development entities, the Agricultural Credit Bank Limited and the National Development Bank, on April 1, 2000. The National Investment Bank of Jamaica Limited was further amalgamated into the DBJ in 2006. The DBJ falls under the purview of the Ministry of Finance and Planning. Its Board of Directors is comprised mainly of private sector leaders who are appointed by the Minister of Finance. The DBJ, currently the only development financing organisation in the country, is committed to Jamaican entrepreneurs in the productive sectors and at all stages of development. While the DBJ provides funding and technical assistance to large projects, it has expanded and improved its assistance to micro, small and medium-sized enterprises (MSME) which are widely recognised as the engine of economic growth and development, especially in small economies. The Bank’s Mission is to provide ‘opportunities to all Jamaicans to improve their quality of life through development financing, capacity building, public-private partnership and privatisation solutions in keeping with Government policy’. Therefore, it does not only support Jamaican businesses through provision of access to financing, support services and a partial guarantee programme but it also facilitates investment in publicly-owned entities by Jamaican entrepreneurs while simultaneously allowing the Government space to give up management and operations of companies that are more efficiently and profitably run by the private sector. Overall, the DBJ is focused on: Financing – Ensuring that low-cost funds, in the form of business loans for projects and working capital, are available to all viable enterprises in the productive sectors which include agriculture, agro-processing, information processing, infrastructure, services, manufacturing, mining and tourism; Capacity Development and Technical Assistance – Increasing demand for development finance by strengthening the capacity of MSMEs to borrow, invest and expand; Public-Private Partnership and Privatisation – Managing and executing the Government’s Public-Private Partnership and Privatisation programmes, through which entrepreneurship is developed and the ownership base of public entities is broadened; Venture Capital – The development and implementation of a viable and sustainable venture capital and private equity industry in Jamaica to provide access to long-term, patient financing required by high potential small and medium-sized enterprises and innovative start-ups, for sustained growth and development.
The Development Bank of Jamaica provides loans through partner institutions, direct lending through co-financing with other financial institutions; and management and privatization of national assets and investments.

Development Bank of Jamaica Limited

11A-15 Oxford Road, Kingston 5, Jamaica,

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