Wednesday June 15, 2016 | Jamaica Gleaner
Gov't Working On Funding Support For Small Hotels
According to Bartlett, the players are crucial to Brand Jamaica experience by tourists.
He says the tourism ministry is in discussions with the EXIM Bank with a view to having a Memorandum of Understanding to provide small- and medium-size hotels with loans of up to $25 million at five per cent interest, over five years.
The tourism minister also says the ministry is working towards a similar funding agreement to other stakeholders in the tourism sub-sectors such as transportation.