The Modernization Fund was designed to meet the upgrading and retooling needs of businesses in the Export Sector and linkage companies providing support to this Sector.
The fund allows for the acquisition of capital equipment for retooling, refurbishing, upgrading and efficiency improvement to enhance export competitiveness. Financing is available for both new and used equipment.
Modernization Fund for Exporters
The programme is open to any company registered and operating in Jamaica that is engaged in export or any company that earns foreign exchange and/or has a link to the Export Sector. Participants are required to show evidence that they are certiﬁed under:
• The Hotel Incentives Act or
• The Car Rentals Concession Scheme
There is provision for a moratorium on principal payments for up to one year.
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. It aims to assist in the growth of this sector and to contribute to the development of the wider national economy.
85 Hope Road, Kingston 6
(the former Blue Cross building)