The Strategic Services Division was established to drive investment and job creation by increasing the productivity and efficiency of financial and non-financial intermediaries and investors, in particular micro, small and medium sized enterprises. This is to be achieved by providing Capacity Development based on research and business analytics.
The Board of Directors of the DBJ has set aside funds in the Special Reserve Account which are to be used as counterpart funding for projects identified for Technical Assistance and Institutional Strengthening. Additional funding is to be secured from donor agencies such as the Inter-American Development Bank (IDB), United States Agency for International Development (USAID), World Bank, and Caribbean Development Bank (CDB) among others. The following criteria will apply when project funding is being considered:
The objective Institutional Strengthening (IS) is to increase the capacity of intermediaries and business development organisations whose functions coincide with the mission of the DBJ in order to facilitate the promotion of DBJ’s products.
IS programmes are structured to:
- Increase efficiency
- Improve profitability and sustainability
- Improve corporate governance
Institutions must have been established for at least 2 years
- Private sector and public sector financial intermediaries
- Private sector and public sector bodies, delivering training
- Trade/commodity associations/umbrella organisations/cooperatives etc. which provide training or other services to their members
- MFIs who have applied to DBJ for accreditation
Requests for IS must be supported by the following documents where relevant.
- Annual Reports and/or audited financial statements for the last two years minimum and current financial statements
- Up-to-date Corporate and/or Strategic Development Plans /Board Decision, Consultant’s recommendation
- Organizational Gap Assessment
- Staff Training & Development Plans
- DBJ’s Compliance Reports
The objective of DBJ’s TA Programme is to facilitate the flow and efficient utilization of development finance to intermediaries and investors to enhance their operational capacity and contribute to them becoming more effective partners and clients of the DBJ. DBJ provides TA to facilitate job creation, investments and increased access to finance. It includes the standard Technical Assistance grant (which includes the Grant for Research), the Energy Audit Grant and grants for Sponsorship, Innovation and Start-Up Businesses. TA can also be channeled through initiatives such and the Voucher System and the Small Business Development Corporation (SBDC) Model.
Projects in the following areas can apply for TA:
- Productivity enhancement
- Development of skills and technological know-how
- Energy Efficiency & Renewable Energy
- Development of new sectors/industries/products
- Private Sector
- Government Entities
- Non-government Entities
- Academic Institutions
- Business Development/Support Entities
Requests for Technical Assistance
- Where projects will produce goods of services for sale, a marketing or business plan should be attached to the application form.
- Request for technical assistance should not exceed the 70% of the project cost.
- Applicants are required to contribute a minimum of 20% of the project’s cost in cash.