Project Description
The Jamaica Sauces & Spices Project will support Jamaican food processing/exporting MSMEs to establish new linkages to export markets, strengthen collaboration and joint activities among MSMEs to improve supply-side coordination and build MSME capacity to improve food safety standards and certification as well as operational productivity. As a result, MSMEs are expected to save costs and increase sales revenues by increasing quality, diversifying products, and seizing new export market opportunities.
The project is part of the CARIFORUM-EU Economic Partnership agreement (EPA), which aims to make it easier for people and businesses from the two regions to invest in and trade with each other, thus helping Caribbean economies grow and create jobs. It is the first partnership between the European Union (EU) and IFC to work with Advisory Services in Latin America and the Caribbean. IFC will support the implementation of the EPA Capacity Building (EPA)-II program, which aims at improving access of Jamaican products to the rest of the world. This project will focus on Component 1 of the EPA-II program, strengthening the supply side in accessing export markets.