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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...

* 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

To strengthen the business environment in Jamaica for private sector investment.

Key Details

Project Details

  • P147665

  • Closed

  • Melissa Metz

  • Ministry of Finance and Planning

  • Jamaica

  • February 6, 2014

  • (as of board presentation)

    July 25, 2014

  • October 29, 2014

  • US$ 50.00 million

  • B

  • March 9, 2024

  • March 31, 2024

  • No

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 50.00

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 January 31, 2025

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

Detailed Financial Activity as of January 31, 2025

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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

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Overall Implementation Progress (IP) Satisfactory 2024-03-31
Project Management Satisfactory 2024-03-31
Financial Management Satisfactory 2024-03-31
Progress towards achievement of PDO Satisfactory 2024-03-31
Monitoring and Evaluation Satisfactory 2024-03-31
Procurement Satisfactory 2024-03-31

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.