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Andrew Holness
Andrew Holness|Jul 08, 2025 17:21
This morning Jamaica signed and handed over the Instrument of Accession to the Partnership Agreement between the Member States of the Caribbean Community and the African Export-Import Bank. This is a significant and strategic step that strengthens Jamaica’s ability to access increased trade financing, investment support, and technical assistance. This agreement creates real opportunities for Jamaica to benefit from Afreximbank’s expanding suite of financial instruments, including trade guarantees, project financing, and capital support tailored to the needs of developing economies. It positions Jamaica to tap into new sources of funding for critical sectors such as manufacturing, logistics, agriculture, and the creative industries. The partnership also lays the foundation for deeper collaboration between African and Caribbean businesses. It encourages the development of trade corridors, joint ventures, and financial innovations such as local currency settlement, diaspora bonds, and more accessible cross-border trade facilitation.
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