| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 70.00 |
Second Competitiveness and Fiscal Management Programmatic DPF
Abstract*
This program document presents a proposed programmatic Development Policy Financing (DPF) operation to support the Government of Jamaica’s (GOJ’s) policies aimed at (i) improving investment climate and competitiveness and (ii) sustaining fiscal consolidation and enhancing public financial management. This program ahs two pillars: 1) The first pillar of the proposed operation supports policy reforms that are central to the government’s growth agenda... Show More
Development Objective
Project Development Objective (Note: will be disclosed in the MOS) The operation supports policies aimed at (i) improving investment climate and competitiveness and (ii) sustaining fiscal consolidation and enhancing public financial management Board Schedule Comments The operation was submitted to the Board for February 28 approval with a PBG as the financing instrument (as P158637). On February 27 the government asked to change the instrument to a DPL. the program objectives, policy matrix, and results remain the same. The team expects to hold a new ROC in early April, once the government has provided information on IBRD pricing and amortization choices.
Key Details
Project Details
P163586
Closed
Philip M. Schuler
N/A
June 8, 2017
(as of board presentation)
June 8, 2017
June 30, 2017
US$ 70.00 million
Ministry of Finance and Public Service
2017
US$ 70.00 million
N/A
Not Applicable
June 30, 2018
BANK APPROVED
August 16, 2023
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 70.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 70.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 70.00 |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jun 8, 2017 | IBRD-87590 | Loan Commitment | 70,000,000.00 |
| May 1, 2019 | IBRD-87590 | Int Charges | 1,298,675.00 |
| May 1, 2024 | IBRD-87590 | Int Charges | 2,190,735.80 |
| May 1, 2024 | IBRD-87590 | Loan Repay | 1,750,000.00 |
| Nov 1, 2023 | IBRD-87590 | Int Charges | 2,125,954.80 |
| Nov 1, 2023 | IBRD-87590 | Int Charges | 29,346.79 |
| Nov 1, 2023 | IBRD-87590 | Loan Repay | 1,750,000.00 |
| May 1, 2023 | IBRD-87590 | Int Charges | 1,808,756.10 |
| May 1, 2023 | IBRD-87590 | Loan Repay | 1,750,000.00 |
| May 1, 2023 | IBRD-87590 | Int Charges | 59,498.43 |
| Nov 1, 2022 | IBRD-87590 | Int Charges | 1,141,726.00 |
| Nov 1, 2022 | IBRD-87590 | Loan Repay | 1,750,000.00 |
| Nov 1, 2021 | IBRD-87590 | Int Charges | 407,866.70 |
| May 1, 2022 | IBRD-87590 | Int Charges | 394,177.78 |
| May 1, 2021 | IBRD-87590 | Int Charges | 401,216.70 |
| Nov 1, 2020 | IBRD-87590 | Int Charges | 604,644.44 |
| Nov 1, 2019 | IBRD-87590 | Int Charges | 1,255,800.00 |
| May 1, 2020 | IBRD-87590 | Int Charges | 994,427.80 |
| Jun 30, 2017 | IBRD-87590 | Fee Charges | 175,000.00 |
| Jul 13, 2017 | IBRD-87590 | Loan Disb | 69,825,000.00 |
| Nov 1, 2017 | IBRD-87590 | Int Charges | 490,085.12 |
| Jun 30, 2017 | IBRD-87590 | Loan Disb | 175,000.00 |
| May 1, 2018 | IBRD-87590 | Int Charges | 855,225.00 |
| Nov 1, 2018 | IBRD-87590 | Int Charges | 1,212,866.60 |
| May 1, 2024 | IBRD-87590 | Int Charges | 12,774.19 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 08-19-2019 |
|---|---|
| Outcomes | Moderately Satisfactory |
| Risk to Development Outcome | High |
| Bank Performance | Substantial |
| Borrower Performance | Substantial |
| Government Performance | Substantial |
| Implementing Agency | Substantial |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 06-24-2020 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Moderately Satisfactory | N/a |
| Risk To Development Outcome | High | N/a |
| Bank Performance | Moderately Satisfactory | N/a |
| Borrower Performance | Satisfactory | N/a |
| Government Performance | Satisfactory | N/a |
| Implementing Agency | Not Rated | N/a |
| Icr Quality | Substantial | N/a |
| M&e Quality | Substantial | N/a |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
100 percent usage of AMANDA system in Local Planning Authorities Value 4.00 14.00 14.00 Date March 31, 2014 October 1, 2015 March 31, 2017 Comment Reduction in the percent of electricity generation using petroleum Value 94.00 94.00 75.00 Date March 31, 2014 October 1, 2015 March 31, 2017 Comment Improvement in the Logistics Performance Indicator - Customs Aspect Value 2.88 2.88 3.00 Date March 31, 2014 October 1, 2015 March 31, 2017 Comment Reduction in the public debt to GDP ratio Value 141.60 135.60 125.00 Date March 31, 2014 March 31, 2015 March 31, 2017 Comment Value of virements on compensation and capital expenditures Value 1.9 Billion Jamaican Dollars zero zero Date March 31, 2014 October 1, 2015 March 31, 2017 Comment PEFA indicator P1-12 dimension iv, measuring linkages between investment budget and forward expenditure estimate Value C C B or better Date October 1, 2015 March 31, 2017 Comment Share of employee contribution to public sector pension as a percent of annual public sector pension payments Value 1.80 1.80 16.20 Date March 31, 2014 October 1, 2015 March 31, 2017 Comment