From (left) Audrey Sewell, Permanent Secretary in the Ministry of Economic Growth and Job Creation; Milverton Reynolds Managing Director of the Development Bank of Jamaica; Gillian Hyde, General Manager of JN Small Business Loans and Allison Rangolan McFarlane, Programme Manager, (Environmental Foundation of Jamaica sign a Memorandum of Understanding (MOU) to facilitate the administration of the Climate Change Adaptation Line of Credit (CCALoC). The CCALoC will provide financing to Micro, Small and Medium Size Enterprises (MSMEs) in the tourism and agri-business sectors across Jamaica, to increase resilience to climate change in these sectors. The signing took place at the Office of the Prime Minister in St. Andrew on Thursday. Looking on are Minister with Portfolio in the Office of the Prime Minister with responsibility for Economic Growth and Job Creation, Daryl Vaz and Therese Turner-Jones, General Manager Inter-American Development Bank (IDB) Caribbean Department. The loan facility will be administered under the Climate Smart Loan product with clients being able to borrow up to J$5 million.
