{"id":64122,"date":"2017-04-27T11:31:21","date_gmt":"2017-04-27T16:31:21","guid":{"rendered":"https:\/\/selasite.azurewebsites.net\/innovative-financing-mechanism-msmes-jamaica\/"},"modified":"2023-06-29T01:17:53","modified_gmt":"2023-06-29T06:17:53","slug":"innovative-financing-mechanism-msmes-jamaica","status":"publish","type":"post","link":"https:\/\/rmtsolutions.net\/sela\/innovative-financing-mechanism-msmes-jamaica\/","title":{"rendered":"Innovative Financing Mechanism for MSMEs: Jamaica"},"content":{"rendered":"<p><a href=\"\/en\/events\/2017\/04\/financing-and-guarantees-for-msmes\/agenda\/\" target=\"_blank\" rel=\"noopener\">\u00abRegional Meeting on Innovative Mechanisms for Financing and Guarantees for MSMEs in Latin America and the Caribbean\u201c.<\/a><\/p>\n<p>Santo Domingo, Dominican Republic, April 19 \u2013 21, 2017<\/p>\n<p><strong>SESSION I. CARIBBEAN PANEL: STATUS OF FINANCING AND GUARANTEES FOR MSMEs IN CARIBBEAN COUNTRIES. RECOMENDATIONS BASED ON BEST PRACTICES<\/strong><\/p>\n<p><a href=\"\/en\/events\/2017\/04\/financing-and-guarantees-for-msmes\/agenda\/\" target=\"_blank\" rel=\"noopener\">Innovative Financing Mechanism for MSMEs: Jamaica<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"665\" height=\"444\" src=\"\/wp-content\/uploads\/2023\/06\/clifford-spencer-jamaica_20170427.webp\" alt=\"Clifford -spencer -jamaica _20170427\" data-udi=\"umb:\/\/media\/41b21bcecc334356a2fd81f7f81b89f6\"><\/p>\n<p>Presentation of Clifford Spencer, Director of Projects and Programs for MSMEs.\u00a0Ministry of Industry, Commerce, Agriculture &amp; Fisheries of Jamaica. Photo credits: MICM Dominican Republic.<\/p>\n<p><strong>Overview:<\/strong><\/p>\n<ul>\n<li>Creative and innovative Micro, Small and Medium-Sized Enterprises (MSMEs) are important drivers of economic growth, equity in income distribution and sustained development in Jamaica. While several countries use the term \u2018SMEs\u2019 (Small and Medium Enterprises),<\/li>\n<li>The portfolio Ministry in Jamaica uses the standard term \u2018MSMEs\u2019 signaling the need to include \u201cmicro\u201d enterprises the policy development process.<\/li>\n<li>MSMEs enterprises collectively play a significant role in the creation and retention of wealth while generating significant opportunities for employment and sustenance as well as providing the support needed for private sector growth and expansion<\/li>\n<\/ul>\n<p><strong>MSME &amp; The Economy:<\/strong><\/p>\n<ul>\n<li>MSMEs are significant drivers of growth in Jamaica<\/li>\n<li>97.6% of classified taxpaying businesses are MSMEs<\/li>\n<li>Employment &#8211; Over 50 % of Jobs created<\/li>\n<li>Taxes \u2013 20% of taxes<\/li>\n<li>Foreign exchange saving\/earnings \u2013 import substitution and supply chains<\/li>\n<\/ul>\n<p><a href=\"\/media\/2464097\/innovative-financing-mechanism-for-msmes-jamaica.pdf\" target=\"_blank\" rel=\"noopener\">Dowload the presentation here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Innovative Financing Mechanism for MSMEs: Jamaica<\/p>\n","protected":false},"author":1,"featured_media":63506,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-64122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-boletines-regionales"],"acf":[],"_links":{"self":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/posts\/64122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/comments?post=64122"}],"version-history":[{"count":0,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/posts\/64122\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/media\/63506"}],"wp:attachment":[{"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/media?parent=64122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/categories?post=64122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rmtsolutions.net\/sela\/wp-json\/wp\/v2\/tags?post=64122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}