Jamaica

Jamaica

Approves initiative to fund ICT sector and business process outsourcing

08 Dec 2011

The Government has approved the creation of a US $20 million loan fund to be invested in the information and communications technology (ICT) sector, with the goal to develop business process outsourcing activities. The funds will be adMinistered by the Development Bank of Jamaica (DBJ) in collaboration with Jampro. It intends to create 350,000 square feet of office space to accommodate operators in the ICT sector, with the aim of creating 10,000 new jobs in the sector in the next years.