|The National Export-Import Bank of Jamaica (EXIM Bank) | |
Export Credit Agency (ECA) in Jamaica
About The National Export-Import Bank of Jamaica
The National Export-Import Bank of Jamaica (EXIM Bank) is Jamaica’s premier trade financing institution and the Caribbean’s first Export-Import Bank. It plays a fundamental role in national development by providing a wide range of financing instruments at competitive interest rates for the country’s productive sector.
EXIM Bank was established in May 1986 and has, over the years, made sure to honour its mandate of helping business ventures become viable and competitive in international markets through an impressive suite of financing products for these entities. Specific focus is placed on small and medium-enterprise (SME) entities involved in non-traditional exports, such as tourism, manufacturing, agro-processing, mining, the service industry, information communication and technology and the creative industries.
It is particularly known for its trade financing facilities and specifically its international lines of credit, which enable Jamaican companies to do business with any country in the world. Its products and services aim to fulfil both the short- and medium-term needs of its customers and are available in both Jamaican and US-Dollar denominated currencies.
EXIM Bank also recognizes that linkage service companies that are connected to exporting and manufacturing entities play a vital role in the growth of these sectors, so they are also included in the bank’s group of qualified borrowers. These include farmers who provide fresh produce to agro processors; professionals such as haulage contractors, mechanical and electrical engineers who support the bauxite industry; tourism linkage companies such as operators of attractions, in-bond merchants and persons providing ground transportation services, as well as companies in the service industry.
A summary of The National Export-Import Bank of Jamaica
Products and services offered by The National Export-Import Bank of Jamaica
- Trade credit insurance
Raw Materials – From tobacco to spices, gold to bronze, commodities represent a large proportion of our trade finance portfolio
Finished Goods – Our innovative structuring capabilities allow us to put together complex finance structures, even if the end goods are finished
Metals – From scrap metal to alloys, we help traders and distributors access trade, receivable or PO finance for iron, steel and non-ferrous metals