Durrant Pate/Contributor

IDB Invest, the private sector arm of the Inter-American Development Bank (IDB) is announcing financing of up to US$30 million for Productive Business Solutions Limited (PBS), a leading technology solutions provider, which is cross-listed in Jamaica and Barbados.

The financing is to expand the company’s digital services and support the adoption of technology across Latin America and the Caribbean. The financing will also support PBS’s growth strategy and help expand access to innovative solutions that enable businesses and public institutions across the region to improve efficiency, modernise operations, and strengthen service delivery.

The financing consists of up to US$30 million through a secured loan and a committed revolving credit facility. The financing will also provide flexible funding to support working capital needs and growth investments.

Headquartered in Barbados with offices also in Jamaica, PBS operates in 24 countries, delivering integrated engineering and technology solutions that enable organisations to accelerate digital transformation. Its portfolio spans information technology, networking and communications, security systems, print and imaging, managed services, and AI-enabled solutions.

PBS pushing digital transformation

Digital transformation is essential to improving competitiveness and productivity across the region. By supporting PBS’s expansion, the project is expected to help more companies and institutions participate in the digital economy, while contributing to productivity gains, job creation, and greater access to technology in Caribbean and Central American markets. 

For Pedro M. Paris, Group CEO of PBS, “This financing agreement reinforces our long-term strategy of investing in the capabilities, expertise and partnerships needed to meet the evolving technology needs of the region. It strengthens our ability to better serve our customers and partners, broaden access to innovative technology solutions, deliver long-term value, and create lasting impact in the communities we serve.”

Darryl White, Managing Director for the Caribbean Region at IDB Invest comments, “The Caribbean has companies with the experience and ambition to scale across the region, and this is a clear example,” said “Our role is to provide the financing and partnership they need to expand their reach, strengthen their operations and deliver greater impact across the markets they serve.”