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Rural Economic Development Initiative

Abstract*

The objective of the Rural Economic Development Initiative Project for Jamaica is to improve market access for micro and small-scale rural agricultural producers and tourism product and service providers. There are three components to the project. The first component of the project is rural subprojects in agriculture and rural tourism. This component will finance two types of rural subprojects: type A subprojects will support revenue generating activities...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The Project Development Objective (PDO) of the proposed REDI project is to improve market access for micro and small-scale rural agricultural producers and tourism product and service providers.

Key Details

Project Details

  • P105122

  • Closed

  • Garry Charlier

  • Jamaica Ministry of Finance and Public Service

  • Jamaica

  • December 4, 2008

  • (as of board presentation)

    September 3, 2009

  • January 25, 2010

  • US$ 15.00 million

  • B

  • Not Applicable

  • July 31, 2017

  • BANK APPROVED

  • May 10, 2022

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 15.00
Local Communities 2.00
Borrower/Recipient 0.50

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 15.00
IDA Commitment N/A
IBRD + IDA Commitment 15.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 17.50

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Feb 15, 2024 IBRD-77690 Int Charges 2,948.05
Sep 3, 2009 IBRD-77690 Loan Commitment 15,000,000.00
Aug 15, 2023 IBRD-77690 Loan Repay 306,983.62
Aug 15, 2023 IBRD-77690 Int Charges 266,487.72
Aug 15, 2023 IBRD-77690 Int Charges 10,952.34
Aug 15, 2024 IBRD-77690 Int Charges 293,351.25
Aug 15, 2024 IBRD-77690 Loan Repay 306,983.62
Aug 15, 2024 IBRD-77690 Int Charges 1,806.74
Feb 15, 2023 IBRD-77690 Int Charges 17,363.11
Feb 15, 2023 IBRD-77690 Int Charges 219,505.48
Feb 15, 2023 IBRD-77690 Loan Repay 306,983.62
Feb 15, 2022 IBRD-77690 Int Charges 27,696.58
Feb 15, 2022 IBRD-77690 Loan Repay 306,983.62
Aug 15, 2022 IBRD-77690 Int Charges 52,601.62
Aug 15, 2022 IBRD-77690 Loan Repay 306,983.62
Feb 15, 2021 IBRD-77690 Loan Repay 306,983.62
Feb 15, 2021 IBRD-77690 Int Charges 38,183.48
Aug 15, 2015 IBRD-77690 Int Charges 22,404.03
Aug 15, 2015 IBRD-77690 Loan Repay 181,161.88
Aug 15, 2015 IBRD-77690 Int Charges 225.67
Oct 8, 2014 IBRD-77690 Loan Disb 753,724.00
Aug 15, 2013 IBRD-77690 Int Charges 11,293.61
Aug 27, 2013 IBRD-77690 Loan Disb 699,501.75
Dec 16, 2013 IBRD-77690 Loan Disb 389,318.62
Feb 15, 2014 IBRD-77690 Int Charges 705.49
Feb 15, 2014 IBRD-77690 Int Charges 14,317.23
Feb 15, 2018 IBRD-77690 Int Charges 119,543.57
Feb 15, 2018 IBRD-77690 Loan Repay 306,983.62
Sep 14, 2016 IBRD-77690 Loan Disb 646,129.44
Aug 15, 2016 IBRD-77690 Loan Repay 238,682.34
Aug 15, 2016 IBRD-77690 Int Charges 345.44
Aug 15, 2016 IBRD-77690 Int Charges 55,761.68
May 24, 2016 IBRD-77690 Loan Disb 941,258.90
Nov 28, 2016 IBRD-77690 Loan Disb 877,991.10
Feb 15, 2017 IBRD-77690 Loan Disb 244,017.73
Nov 9, 2016 IBRD-77690 Loan Disb 787,032.94
May 30, 2017 IBRD-77690 Loan Disb 847,365.50
Feb 15, 2017 IBRD-77690 Int Charges 88,777.30
Feb 15, 2017 IBRD-77690 Loan Repay 288,834.38
May 19, 2015 IBRD-77690 Loan Disb 278,569.30
Jun 15, 2015 IBRD-77690 Loan Disb 452,956.03
Dec 17, 2015 IBRD-77690 Loan Disb 208,445.72
Feb 8, 2016 IBRD-77690 Loan Disb 864,876.00
Sep 16, 2015 IBRD-77690 Loan Disb 249,443.36
Feb 15, 2016 IBRD-77690 Int Charges 391.43
Feb 15, 2016 IBRD-77690 Int Charges 32,047.11
Feb 15, 2016 IBRD-77690 Loan Repay 195,771.78
Feb 2, 2015 IBRD-77690 Loan Disb 1,453,253.20
Aug 15, 2014 IBRD-77690 Int Charges 310.05
Aug 15, 2014 IBRD-77690 Int Charges 12,860.94
Feb 15, 2015 IBRD-77690 Int Charges 15,225.01
Aug 15, 2021 IBRD-77690 Loan Repay 306,983.62
Aug 15, 2021 IBRD-77690 Int Charges 30,287.12
Aug 15, 2020 IBRD-77690 Int Charges 120,524.69
Aug 15, 2020 IBRD-77690 Loan Repay 306,983.62
Feb 15, 2020 IBRD-77690 Int Charges 145,695.42
Feb 15, 2020 IBRD-77690 Loan Repay 306,983.62
Feb 15, 2019 IBRD-77690 Int Charges 183,966.45
Feb 15, 2019 IBRD-77690 Loan Repay 306,983.62
Aug 15, 2019 IBRD-77690 Int Charges 192,490.64
Aug 15, 2019 IBRD-77690 Loan Repay 306,983.62
Aug 15, 2018 IBRD-77690 Int Charges 154,062.30
Aug 15, 2018 IBRD-77690 Loan Repay 306,983.62
Aug 15, 2017 IBRD-77690 Loan Repay 313,063.10
Aug 15, 2017 IBRD-77690 Int Charges 108,105.72
Dec 5, 2017 IBRD-77690 Loan Cancel 267,645.20
Dec 5, 2017 IBRD-77690 Loan Disb -267,645.20
Feb 15, 2024 IBRD-77690 Loan Repay 306,983.62
Feb 15, 2024 IBRD-77690 Int Charges 301,626.40

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Financial Management Moderately Satisfactory 2017-07-27
Monitoring and Evaluation Moderately Satisfactory 2017-07-27
Project Management Satisfactory 2017-07-27
Overall Implementation Progress (IP) Satisfactory 2017-07-27
Progress towards achievement of PDO Satisfactory 2017-07-27
Procurement Satisfactory 2017-07-27
Counterpart Funding Moderately Satisfactory 2017-07-27

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 01-31-2018
Outcomes
Risk to Development OutcomeSubstantial
Bank Performance
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 05-18-2018PROJECT PERFORMANCE ASSESSMENT REPORT: 03-15-2021
Outcome RatingModerately Satisfactory Satisfactory
Risk To Development OutcomeModest
Bank PerformanceModerately SatisfactorySatisfactory
Borrower PerformanceNot Rated
Government PerformanceNot RatedNot Rated
Implementing AgencyNot Rated
Icr QualityModestNot Rated
M&e QualityModestNegligible

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of participating rural enterprises that realize an increase in turnover (sales).Value0.0044.0061.00
    DateOctober 7, 2009July 31, 2016June 30, 2017
    Comment
  • Number of participating rural enterprises functioning as legally registered entities one year after they started operationsValue0.0056.0053.00
    DateOctober 7, 2009July 31, 2016June 30, 2017
    Comment
  • Percentage of participating rural enterprises or producer groups that have accessed new marketsValue0.0086.00
    DateOctober 7, 2009June 30, 2017
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Percent of rural enterprise participants who are womenValue0.0030.0051.00
    DateOctober 7, 2009July 31, 2017June 30, 2017
    Comment
  • Percent of rural enterprise participants who are youth (less than 30 years old)Value0.0015.0022.00
    DateOctober 7, 2009July 31, 2017June 30, 2017
    Comment
  • Number of rural enterprises integrating environmental good practices and/or business continuity plans in their operations.Value0.0040.0058.00
    DateOctober 7, 2009July 31, 2017June 30, 2017
    Comment
  • Percentage of subprojects that are implemented in accordance with the time frame in the OMValue0.0060.0060.00
    DateOctober 7, 2009July 31, 2017June 30, 2017
    Comment
  • Procurement and FM duties are executed in accordance with national and World Bank guidelinesValueNoYesYes
    DateOctober 7, 2009July 31, 2017June 30, 2017
    Comment
  • JSIF project MIS is producing indicator reports within 6 months after the start of the projectValueNoYesYes
    DateOctober 7, 2009July 31, 2017June 30, 2017
    Comment
  • Number of enterprises with new or improved products or servicesValue0.0064.00
    DateOctober 7, 2009June 30, 2017
    Comment
  • Number of participating entities that have improved their operations to meet industry standardsValue0.0068.00
    DateOctober 7, 2009June 30, 2017
    Comment
  • Number of direct jobs created in rural communities receiving project assistanceValue0.001357.00
    DateOctober 7, 2009June 30, 2017
    Comment
  • Number of national entities' staff trained to improve their delivery of support to rural businessesValue0.0078.00
    DateOctober 7, 2009June 30, 2017
    Comment
  • Number of participating rural enterprises or producer groups that have developed corporate social plansValue0.0045.00
    DateOctober 7, 2009June 30, 2017
    Comment
  • Number of national and parish entities that realize enhanced capabilities to serve rural enterprises (studies, policies, equipment,etc.)Value0.0010.00
    DateOctober 7, 2009June 30, 2017
    Comment
  • Clients who have adopted an improved agr. technology promoted by the projectValue0.004325.00
    DateOctober 7, 2009June 30, 2017
    Comment
  • Clients who adopted an improved agr. technology promoted by project – femaleValue0.001694.00
    DateOctober 7, 2009June 30, 2017
    Comment