LEADERS from some of Jamaica’s business lobby groups, in particular, those representing micro, small and medium-sized enterprises (MSMEs), have questioned the Government’s rationale for its proposal to merge the operations of the Development Bank of Jamaica and the National Export-Import Bank of Jamaica (Exim Bank) with some chiding the Government for what they say is a “bad move”.
However, not much information about the merger has been released to the public since Minister of Industry, Investment and Commerce Senator Aubyn Hill — under whose oversight the bank falls — announced the plan in June.