DBJ and EXIM Bank to Expand Financial Services to MSMES

first_img “Assistance will also be given to small and medium-sized enterprises (SMEs) to meet the collateral requirements of commercial banks,” said Finance and the Public Service Minister, Hon. Audley Shaw. Minister Shaw said that MSMEs are the “backbone of our economy and a primary source of employment” and must be supported. The Development Bank of Jamaica (DBJ) and the National Export-Import Bank of Jamaica (EXIM Bank) will be expanding the provision of new financial services to the micro, small and medium-sized enterprise (MSME) sector. Story Highlights The Development Bank of Jamaica (DBJ) and the National Export-Import Bank of Jamaica (EXIM Bank) will be expanding the provision of new financial services to the micro, small and medium-sized enterprise (MSME) sector.These services, which are not currently available to them from the commercial financial institutions, include assistance with single-digit interest rates, venture capital, factoring and leasing.“Assistance will also be given to small and medium-sized enterprises (SMEs) to meet the collateral requirements of commercial banks,” said Finance and the Public Service Minister, Hon. Audley Shaw.He was opening the 2018/2019 Budget Debate in the House of Representatives on March 8 under the theme ‘Stability, Growth and Prosperity – Our Goal, Our Responsibility’.Minister Shaw said that MSMEs are the “backbone of our economy and a primary source of employment” and must be supported.He hailed the assistance to the sector from the multilateral development partners. Recently, the World Bank signed a US$15-million loan contract with the Government to improve access to finance for MSMEs.“This will bolster the initiative supported by the Inter-American Development Bank (IDB) to assist businesses to meet the collateral requirements of commercial lenders and to build business acumen of microenterprises,” he noted.Mr. Shaw added that this year will see the implementation of a programme financed by the European Investment Bank that will make a local currency loan available to the DBJ to provide financing for micro-entrepreneurs.last_img read more

Ottawa police chief investigating whether officer made racist online comments about Inuit

first_img(Image of an Ottawa police badge found on the Facebook page of the individual believed to have posted “racist” comments.)Jorge Barrera APTN National NewsOttawa’s police chief says he has asked staff to investigate whether one of his officers posted “racist” comments about Indigenous peoples in response to an online news story about the death of Inuit artist Annie Pootoogook.Ottawa Police Chief Charles Bordeleau told APTN National News in a brief interview Monday he asked staff to investigate the comments and whether they were made by an Ottawa police officer following a complaint from the public.“I asked my staff early this morning,” said Bordeleau. “I would ask you give us time to assess and look at it.”A member of the public spotted the comments and sent an email of complaint Sunday evening to both Bordeleau and Ottawa Mayor Jim Watson, believing the posts may have been made by a police officer.“The posts are troubling for the overt racism of the text, but they are all the more distressing given that they appear to be made by (the police officer), who I recognize as a sergeant with the Ottawa police service,” said the email, which was also carbon copied to two reporters by Veldon Coburn. “I’m particularly troubled that an officer, either past or present, would harbour these racist views. It puts into question all involvement such an officer had in the administration of justice, especially cases that involved Indigenous peoples.”Bordeleau responded to Coburn the same day.“My staff will follow up and take appropriate action if found to be one of our members,” said Bordeleau, in his email, which was forwarded to APTN National News.The offending comments were posted Saturday on an Ottawa Citizen story about Pootoogook’s death by someone using a Facebook account.The comments stated that Pootoogook’s death “has nothing to do with missing or murdered Aboriginal women.”The Facebook poster said Pootoogook’s death was not caused by murder.“It’s not a murder case….it’s could be a suicide, accidental, she got drunk and fell in the river and drowned who knows…..typically many Aboriginals have very short lifespans, talent or not, (sic)” said one comment.The second comment claimed Indigenous people were the authors of their own misfortune.“Because much of the aboriginal population in Canada is just satisfied being alcohol or drug abusers, living in poor conditions ect…..they have to have the will to change, it’s not society’s fault, (sic)” said the comment.A previously used Facebook profile photo of the person who posted the comments matched the features of man wearing an Ottawa police uniform in separate photo posted by a relative on the social media platform.APTN phoned Ottawa police and confirmed someone matching the name on the comments works for the force. The officer usually works the afternoon shift, but called in sick Monday.APTN was also given an Ottawa police email address for the officer. APTN contacted him to ask about the posts but did not receive a reply.APTN also contacted the officer’s sister who said she would pass a message on to her brother.After APTN‘s inquiries the name on the Facebook page was changed.Pootoogook’s body was found submerged in the Rideau River on Sept. 19. She was once a star in the contemporary art world and her ink and crayons drawings are currently in the collections of the National Art Gallery and the Ontario Gallery of Art.Ottawa police said Monday investigators consider the death [email protected]@JorgeBarreraEditor’s Note: Story was updated on Sept. 27 to change the date of the posted comments.last_img read more

Delhis Little Kolkata decks up for Durga Puja

first_imgChittaranjan Park invariably makes it to the news during the Durga Puja season. Zealous  Bengalis gear up to adore and offer obeisance to goddess Durga and in this ardent tradition they are joined by thousands off residents of the city in this ‘mini-Kolkata’ for a taste of Bengal.  Dhak beats and dhunuchi dance fill the air with a touch of divinity.  This year puja organisers in Chittaranjan Park have decided on eco-friendly themes.  Also Read – ‘Playing Jojo was emotionally exhausting’This year the idols embellished with aluminum aushtro will be swapped for synthetic paints and biodegradable materials. Attempts are being made to convert to LED bulbs. Some Puja committees have decided  to do away with the ritual of immersing idols into Yamuna.  C.R.Park’s B block has decided upon construction of a 4 feet deep tank on the puja ground itself for the ritual of Bisarjan. Tamal Rakshit, an organiser, says, “A crane will be commissioned to immerse the goddess into water. After immersion, the area will be sealed as the pavitra area’.  Also Read – Leslie doing new comedy special with Netflix“When the idol has wholly dissolved, the remaining bamboo will be returned back to the artisans for re-use and the muddy water will be used as compost in the park. As per tradition that the very mud the idol is sculpted from should go back to the land where it came from. We attempt to be traditional with a difference.” The ancient mandir-themed venue and sumptuous food stalls will no doubt pull in the crowds.In these three days time bhog is prepared for around 1500 people here. Navapalli Durga Puja Samity will showcase the time- honoured ‘Bengal patoa art’. The president, Utpal Ghosh said, “these art pieces have been prepared by young college students under the able guidance of Madhu Chiktrakar and his wife, who have replicated the ten forms of Maa Durga and Krishna on the mandap.” D block ground has been converted into ‘interior Bengal gram’. The pandal will also offer free wifi to the visitors by making it a wifi-zone. Initiatives are being made   Sujoy Ghosh, the general secretary, also informed that bhog will be sent by the pujo samity to the homes of senior citizens living in the colony.last_img read more