Crossing the Chasm
The Road to Economic Recovery Conference
On August 14th 2020, the PSOJ had a first in the world national conference on how to deal with the Economic Fallout of Covid-19. Thought leaders in the public and private sector came together to share ideas on how we will Cross the Chasm: The Road to Economic Recovery. It was a jam-packed all-day agenda filled with intense creative thinking about the way forward.
Section Recaps
Crossing the Chasm
Hosted by Ms. Rochelle Cameron - Chief Project Officer, PSOJ AFFP
Gaps in Support for SMEs
Mr. Edison Galbraith - General Manager, DBJ - Starts at 0:08
What are the main support programs available for SMEs from the DBJ: 1) Voucher Program 2) Ignite Grant and 3) the Credit Enhancement Facility?
The CEF may not be getting the traction hoped for; how is the DBJ rethinking the design and/or the promotion to ensure greater utilization?
Mr. Hugh Duncan - Executive Director, JMMB Group - Starts at 16:20
What are the policies and programs that we see in Trinidad and Barbados to support MSMEs?
What can we learn for the Jamaican Context?
Dr. Jide Lewis - Division Chief, FISD, BOJ - Starts at 31:52
What is KYC and how does the new regulation facilitate easier account opening for SMEs with Tiered KYC?
What does Tiered KYC create in terms of opportunities in the economy?
What does BOJ need from the Private Financial Institutions to ensure that Tiered KYC has the full ecosystem impact that BOJ is hoping for?
What steps are being taken by the BOJ to implement Tiered KYC?
Mrs. Audrey Tugwell-Henry - VP Caribbean, Central and North, Scotiabank - Starts at 46:53
Scotiabank is one of the first financial institutions to come out with a Tiered KYC product offering Care Access Account.
Why is Tiered KYC product solutions important to Scotiabank? Can these types of accounts be profitable for the bank? Under what conditions?
Will we be seeing more Tiered KYC account solutions coming from Scotiabank?
More broadly, how in the current environment does Scotiabank see its role in supporting SMEs? Are there changes to Scotiabank Product Solutions, Credit Adjudication and/or Front-Line Training that reflect this new environment?
Financing in an Uncertain Environment
Ms. Roxann Linton - CEO, FHC - Starts at 1:11:39
What has changed in the Credit Union industry since the coming of the pandemic?
Where are you feeling confident? Where are you most concerned?
How are you lending differently in the uncertain environment? Which sectors are most attractive?
With the economic uncertainty, what has changed about the Product Solutions offered? Credit Adjudication? Front Line training?
Where do Credit Union Players need the most support?
Mr. Andrew Mais - Chairman Elect, JaMFA - Starts at 1:17:48
What has changed in Microfinance since the coming of the pandemic?
Where are you feeling confident? Where are you most concerned?
How are you lending differently in this uncertain environment?
With the economic uncertainty, what has changed about the Product Solutions offered? Credit Adjudication? Front Line training? Other areas?
Where and how does Microfinance need the most support?
Ms. Lisa Bell - Managing Director, EXIM Bank - Starts at 1:32:44
What is Receivable Factoring?
What is the new EXIM Factoring Product and how does an SME qualify?
In the uncertain environment, how does EXIM re-think the 1) the Product Solutions being offered; 2) Credit Adjudication and 3) Front Line Training?
Mr. Berisford Grey - President & CEO, Sygnus Group - Starts at 1:40:47
With an economy stopping and starting, what are the kinds of innovative financial solutions that are best suited for supporting business enterprises in this market?
What are good investment opportunities since the pandemic?
A hotel that has done very well before COVID-19 and will do very well after but does not have the cash to survive for 2-3 years in the interim, how can they be financially supported in the interim to ensure survival?
Public Private Partnerships II
Ms. Saffrey Brown - Chairman, CVSS - Starts at 1:53:26
What is the COVID-19 Relief Fund?
What are the key success factors in bringing various stakeholders to the table?
What learnings can we apply to the COVID-19 Economic Recovery Effort?
Remarks From JAMPRO
Ms. Diane Edwards - President, JAMPRO - Starts at 2:14:08
Closing Remarks
Mr. Keith Duncan - President, PSOJ - Starts at 2:26:46
Key Learnings from the day.
What Happens Next?