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.
Capacity Development initiatives aim to facilitate job creation, investments and increased access to finance by increasing efficiency, and improving profitability and sustainability. In general DBJ’s Capacity Development interventions will:
- Remove barriers to M&SME financing
- Increase loans, investments, job creation and other measurable outcomes which will facilitate monitoring and make implementing entities accountable
- Encourage the use of technology
- Be suitable for outsourcing
- Be cost effective
- Have a wide reach in the M&SME Sectors
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.