| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 50.00 |
Jamaica Foundations for Competitiveness and Growth
Abstract*
The development objective of the Foundations for Competitiveness and Growth Project for Jamaica is to strengthen the business environment in Jamaica for private sector investment. The project comprises of four components. The first component, enhancing competition in the business environment will provide technical assistance (TA) and implementation support to address critical business regulation and procedural issues that constrain firm entry, operation... Show More
Development Objective
To strengthen the business environment in Jamaica for private sector investment.
Key Details
Project Details
P147665
Closed
Melissa Metz
Ministry of Finance and Planning
February 6, 2014
(as of board presentation)
July 25, 2014
October 29, 2014
US$ 50.00 million
Planning Institute of Jamaica
2015
US$ 50.00 million
B
March 9, 2024
March 31, 2024
No
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 50.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 50.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 50.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Mar 19, 2019 | IBRD-84080 | Loan Disb | 397,000.00 |
| May 10, 2019 | IBRD-84080 | Loan Disb | 8,788,000.00 |
| Aug 15, 2018 | IBRD-84080 | Int Charges | 359,424.40 |
| Mar 1, 2018 | IBRD-84080 | Loan Disb | 925,000.00 |
| Mar 21, 2018 | IBRD-84080 | Loan Disb | 3,730,483.00 |
| Mar 30, 2018 | IBRD-84080 | Loan Disb | 932,000.00 |
| Feb 15, 2018 | IBRD-84080 | Int Charges | 183,848.88 |
| Aug 15, 2017 | IBRD-84080 | Int Charges | 4,979.02 |
| Aug 15, 2017 | IBRD-84080 | Int Charges | 138,329.83 |
| Aug 3, 2023 | IBRD-92030 | Loan Cancel | 2,250,000.00 |
| Oct 15, 2023 | IBRD-92030 | Int Charges | 95,975.92 |
| Oct 15, 2023 | IBRD-92030 | Int Charges | 59.55 |
| Oct 15, 2023 | IBRD-92030 | Int Charges | 1,618.34 |
| Oct 15, 2023 | IBRD-92030 | Int Charges | 7,597.72 |
| Aug 15, 2024 | IBRD-84080 | Int Charges | 7,790.81 |
| Aug 15, 2024 | IBRD-84080 | Int Charges | 1,356,743.10 |
| Aug 15, 2024 | IBRD-84080 | Loan Repay | 1,057,643.80 |
| Oct 15, 2022 | IBRD-92030 | Int Charges | 6,062.00 |
| Nov 1, 2022 | IBRD-84080 | Loan Disb | 1,000,000.00 |
| Apr 25, 2023 | IBRD-84080 | Loan Disb | 1,300,034.00 |
| Apr 15, 2023 | IBRD-92030 | Int Charges | 594.09 |
| Apr 15, 2023 | IBRD-92030 | Int Charges | 11,676.58 |
| Mar 3, 2023 | IBRD-92030 | Loan Disb | 202,218.00 |
| Apr 15, 2023 | IBRD-92030 | Int Charges | 15,050.92 |
| Feb 8, 2023 | IBRD-84080 | Loan Disb | 510,575.00 |
| Aug 15, 2022 | IBRD-84080 | Int Charges | 280,926.38 |
| Aug 15, 2022 | IBRD-84080 | Loan Repay | 955,180.70 |
| Jul 29, 2022 | IBRD-92030 | Loan Disb | 360,307.00 |
| Jan 27, 2022 | IBRD-92030 | Loan Disb | 25,000.00 |
| Jan 27, 2022 | IBRD-92030 | Fee Charges | 25,000.00 |
| Oct 15, 2022 | IBRD-92030 | Int Charges | 47.95 |
| Oct 15, 2022 | IBRD-92030 | Int Charges | 163.99 |
| Oct 15, 2022 | IBRD-92030 | Int Charges | 12,059.73 |
| Apr 15, 2022 | IBRD-92030 | Int Charges | 7,335.96 |
| Apr 15, 2022 | IBRD-92030 | Int Charges | 59.06 |
| Feb 15, 2022 | IBRD-84080 | Loan Repay | 932,872.56 |
| Feb 15, 2022 | IBRD-84080 | Int Charges | 182,635.27 |
| Nov 29, 2021 | IBRD-84080 | Loan Disb | 1,681,898.00 |
| May 26, 2022 | IBRD-84080 | Loan Disb | 961,558.00 |
| Mar 11, 2022 | IBRD-92030 | Loan Disb | 200,000.00 |
| May 24, 2021 | IBRD-84080 | Loan Disb | 1,859,198.00 |
| Aug 15, 2021 | IBRD-84080 | Int Charges | 183,874.80 |
| Aug 15, 2021 | IBRD-84080 | Loan Repay | 894,693.44 |
| Feb 15, 2021 | IBRD-84080 | Int Charges | 207,462.69 |
| Feb 15, 2021 | IBRD-84080 | Loan Repay | 853,419.25 |
| Dec 10, 2020 | IBRD-84080 | Loan Disb | 465,515.00 |
| Jun 11, 2020 | IBRD-84080 | Loan Disb | 1,200,936.00 |
| Aug 15, 2020 | IBRD-84080 | Int Charges | 470,396.22 |
| Aug 15, 2020 | IBRD-84080 | Loan Repay | 843,317.56 |
| Feb 15, 2020 | IBRD-84080 | Loan Repay | 817,857.75 |
| Feb 15, 2020 | IBRD-84080 | Int Charges | 546,636.50 |
| Aug 15, 2019 | IBRD-84080 | Int Charges | 608,310.40 |
| Feb 15, 2019 | IBRD-84080 | Int Charges | 491,335.78 |
| Apr 25, 2018 | IBRD-84080 | Loan Disb | 7,500,000.00 |
| Sep 6, 2016 | IBRD-84080 | Loan Disb | 1,514,619.00 |
| Feb 15, 2017 | IBRD-84080 | Int Charges | 676.44 |
| Feb 15, 2017 | IBRD-84080 | Int Charges | 85,791.45 |
| May 30, 2017 | IBRD-84080 | Loan Disb | 5,485,844.00 |
| Jun 15, 2016 | IBRD-84080 | Loan Disb | 279,171.16 |
| Aug 15, 2016 | IBRD-84080 | Int Charges | 55,384.38 |
| Feb 6, 2015 | IBRD-84080 | Loan Disb | 345,525.00 |
| Oct 29, 2014 | IBRD-84080 | Loan Disb | 125,000.00 |
| Oct 29, 2014 | IBRD-84080 | Fee Charges | 125,000.00 |
| May 12, 2015 | IBRD-84080 | Loan Disb | 2,708,815.00 |
| Aug 15, 2015 | IBRD-84080 | Int Charges | 71.69 |
| Aug 15, 2015 | IBRD-84080 | Int Charges | 8,657.69 |
| Feb 15, 2015 | IBRD-84080 | Int Charges | 314.13 |
| Nov 23, 2015 | IBRD-84080 | Loan Disb | 987,181.00 |
| Feb 15, 2016 | IBRD-84080 | Int Charges | 19,852.14 |
| Feb 9, 2016 | IBRD-84080 | Loan Disb | 3,494,423.00 |
| Aug 15, 2016 | IBRD-84080 | Int Charges | 623.17 |
| Dec 30, 2016 | IBRD-84080 | Loan Disb | 2,107,022.00 |
| Feb 29, 2024 | IBRD-92030 | Loan Cancel | 1,600,000.00 |
| Feb 29, 2024 | IBRD-84080 | Loan Cancel | 273,650.84 |
| Feb 16, 2021 | IBRD-92030 | Loan Commitment | 10,000,000.00 |
| Jul 25, 2014 | IBRD-84080 | Loan Commitment | 50,000,000.00 |
| Apr 15, 2024 | IBRD-92030 | Int Charges | 1,158.36 |
| Apr 15, 2024 | IBRD-92030 | Int Charges | 3,972.58 |
| Apr 15, 2024 | IBRD-92030 | Int Charges | 133,931.08 |
| Feb 15, 2024 | IBRD-84080 | Int Charges | 12,365.19 |
| Feb 15, 2024 | IBRD-84080 | Int Charges | 1,387,311.00 |
| Feb 15, 2024 | IBRD-84080 | Loan Repay | 1,057,643.80 |
| Mar 13, 2024 | IBRD-92030 | Loan Disb | 1,324,441.00 |
| Jul 1, 2024 | IBRD-92030 | Loan Disb | 157,081.00 |
| Feb 15, 2023 | IBRD-84080 | Int Charges | 66,444.76 |
| Feb 15, 2023 | IBRD-84080 | Int Charges | 941,489.50 |
| Feb 15, 2023 | IBRD-84080 | Loan Repay | 978,980.70 |
| May 26, 2023 | IBRD-84080 | Loan Disb | 1,426,552.00 |
| Aug 15, 2023 | IBRD-84080 | Int Charges | 43,718.94 |
| Aug 15, 2023 | IBRD-84080 | Int Charges | 1,194,118.90 |
| Aug 15, 2023 | IBRD-84080 | Loan Repay | 1,057,643.80 |
| Jun 6, 2023 | IBRD-92030 | Loan Disb | 3,147,845.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2024-03-31 |
| Financial Management | Satisfactory | 2024-03-31 |
| Monitoring and Evaluation | Satisfactory | 2024-03-31 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-03-31 |
| Procurement | Satisfactory | 2024-03-31 |
| Project Management | Satisfactory | 2024-03-31 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of Recommended Business Environment and Pro-Competition Laws, Regulations, Amendments, and Codes Enacted; Policies Adopted; and Administrative Procedures Streamlined Value 0.00 14.00 3.00 Date October 29, 2014 January 25, 2021 June 30, 2020 Comment Private Capital Mobilized Value 0.00 171480000.00 34000000.00 Date October 29, 2014 January 25, 2021 June 30, 2020 Comment Increase in Sales of MSMEs Supported by Project over Benchmark of Comparator SMEs Value 0.00 35.70 10.00 Date October 29, 2014 January 25, 2021 June 30, 2020 Comment Ratio of the average portfolio maturity of MSME sub-loans under the project, over the average portfolio maturity of AFI’s MSME lending portfolio not financed under the project Value 0.00 1.14 1.00 Date October 29, 2014 January 25, 2021 June 30, 2020 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of Firms that Benefit from Debt Resolution and/or Business Exit Processes Value 0.00 23.00 20.00 Date October 29, 2014 January 25, 2021 June 30, 2020 Comment Number of Potential Strategic Private Investments Benefitting from Project Preparation Facility Studies Value 0.00 11.00 1.00 Date October 29, 2014 January 25, 2021 June 28, 2019 Comment Number of MSMEs Receiving Training Support for Capabilities Upgrading Value 0.00 382.00 50.00 Date October 29, 2014 January 25, 2021 June 30, 2020 Comment Number of MSMEs Receiving a Project-Financed Loan Value 0.00 140.00 34.00 Date October 29, 2014 January 25, 2021 June 30, 2020 Comment Property registration: implementation of an electronic titling platform to reduce time taken to register property Value No No Yes Date June 8, 2017 January 25, 2021 June 30, 2020 Comment Number of Potential Private Investments Benefitting from Investment Generation TA Value 0.00 18.00 3.00 Date October 29, 2014 January 25, 2021 June 30, 2020 Comment Volume of Private MSME Co-Investment in Knowledge Assets Value 0.00 1890000.00 200000.00 Date October 29, 2014 January 25, 2021 June 30, 2020 Comment ROE Value 2.35 3.03 0.00 Date June 8, 2017 January 25, 2021 Comment National spatial plan: completion of phase 1 Value No No Yes Date June 8, 2017 January 25, 2021 June 30, 2020 Comment Number of Sub-sectors Benefiting from TA and Public Private Dialogue Support Value 0.00 6.00 1.00 Date October 29, 2014 January 25, 2021 June 30, 2020 Comment Portfolio at risk- SME Value 0.00 6.00 0.00 Date June 8, 2017 January 25, 2021 Comment Trade facilitation: number of exporters that receive new contracts/orders based on facilitation by the in-market broker Value 0.00 33.00 10.00 Date June 8, 2017 January 25, 2021 June 30, 2020 Comment Outstanding SME loan portfolio Value 0.00 41075000.00 0.00 Date June 8, 2017 January 25, 2021 Comment Average Time Required to Obtain Construction Permits for Commercial Projects in municipal corporations Value 24.00 4.70 0.00 Date October 29, 2014 January 25, 2021 Comment Percentage of MSME beneficiaries that feel project sub-finance reflected their needs Value 0.00 0.00 0.00 Date June 8, 2017 January 25, 2021 June 30, 2020 Comment Number of Strategic MOUs/ Guidelines Established or Policies Adopted Related to Increasing Market Competition in Key Sectors Value 0.00 5.00 1.00 Date October 29, 2014 January 25, 2021 June 30, 2020 Comment Volume of Bank Support: Lines of Credit - SME Value 0.00 21100000.00 5200000.00 Date July 29, 2014 January 25, 2021 June 30, 2020 Comment Investment facilitation: number of investment applications channeled through the investment portal Value 0.00 0.00 4.00 Date June 8, 2017 January 25, 2021 June 30, 2020 Comment