Second Rural Economic Development Initiative (REDI II) Project

Abstract*

The object of the Second Rural Economic Development Initiative Project for Jamaica is to enhance access to markets and to climate resilient approaches for targeted beneficiaries. The project has four components. Component 1 is climate resilient agricultural and community tourism investments for rural enterprises (Total 28.0 million US Dollars, IBRD 26.0 million US Dollars and Beneficiary Contribution 2.0 million US Dollars). The objective of this... Show More

Development Objective

To enhance access to markets and to climate resilient approaches for targeted beneficiaries.

Key Details

Project Details

Project ID
P166279
Status
Active
Team Leader
Kilara Suit , Ziva Razafintsalama
Borrower 2
Ministry of Finance and the Public Service,Jamaica

Country
Jamaica
Disclosure Date
May 28, 2018
Approval Date
(as of board presentation)
November 14, 2019
Effective Date
May 8, 2020

Total Project Cost 1
US$ 42.00 million
Implementing Agency
Jamaica Social Investment Fund (JSIF)
Region
Latin America and Caribbean
Fiscal Year 3
2020

Commitment Amount
US$ 40.00 million
Environmental Category
B
Last Update Date
February 27, 2024
Closing Date
September 30, 2025

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change55%
- FY17 - Adaptation30%
- FY17 - Mitigation25%

FY17 - Human Development and Gender

FY17 - Gender82%

FY17 - Private Sector Development

FY17 - Jobs80%

FY17 - Urban and Rural Development

FY17 - Cultural Heritage80%
FY17 - Disaster Risk Management77%
- FY17 - Disaster Preparedness77%
FY17 - Rural Development98%
- FY17 - Rural Infrastructure and service delivery17%
- FY17 - Rural Markets65%
- FY17 - Rural Non-farm Income Generation97%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	40.00
Local Beneficiaries	2.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	40.00
IDA Commitment	N/A
IBRD + IDA Commitment	40.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	42.00

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
May 15, 2023	IBRD-90170	Int Charges	45,119.42
May 15, 2023	IBRD-90170	Int Charges	104,607.55
Nov 15, 2023	IBRD-90170	Int Charges	42,545.55
Nov 15, 2023	IBRD-90170	Int Charges	362.37
Nov 15, 2023	IBRD-90170	Int Charges	208,935.58
Nov 15, 2023	IBRD-90170	Int Charges	8,866.38
Aug 16, 2024	IBRD-90170	Loan Disb	4,135,149.80
May 15, 2024	IBRD-90170	Int Charges	40,741.03
May 15, 2024	IBRD-90170	Int Charges	255,861.20
Nov 14, 2019	IBRD-90170	Loan Commitment	40,000,000.00
May 8, 2020	IBRD-90170	Loan Disb	100,000.00
Jul 20, 2020	IBRD-90170	Loan Disb	325,635.30
Dec 10, 2020	IBRD-90170	Loan Disb	224,046.75
May 8, 2020	IBRD-90170	Fee Charges	100,000.00
Nov 15, 2020	IBRD-90170	Int Charges	3,547.13
Nov 15, 2020	IBRD-90170	Int Charges	53.08
Nov 15, 2020	IBRD-90170	Int Charges	49,885.08
Nov 15, 2020	IBRD-90170	Int Charges	2,967.54
May 15, 2021	IBRD-90170	Int Charges	48,444.45
May 15, 2021	IBRD-90170	Int Charges	4,510.76
Apr 8, 2021	IBRD-90170	Loan Disb	1,352,735.00
May 15, 2022	IBRD-90170	Int Charges	47,106.59
May 15, 2022	IBRD-90170	Int Charges	14,396.82
Jun 16, 2022	IBRD-90170	Loan Disb	1,310,627.60
Nov 15, 2021	IBRD-90170	Int Charges	342.82
Nov 15, 2021	IBRD-90170	Int Charges	1,673.13
Nov 15, 2021	IBRD-90170	Int Charges	47,887.36
Nov 15, 2021	IBRD-90170	Int Charges	14,226.06
Apr 6, 2023	IBRD-90170	Loan Disb	1,356,504.50
Nov 15, 2022	IBRD-90170	Int Charges	46,522.90
Nov 15, 2022	IBRD-90170	Int Charges	49,827.94
Jul 26, 2023	IBRD-90170	Loan Disb	2,581,706.80

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Monitoring and Evaluation	Satisfactory	2025-02-09
Progress towards achievement of PDO	Moderately Unsatisfactory	2025-02-09
Overall Implementation Progress (IP)	Moderately Unsatisfactory	2025-02-09
Project Management	Moderately Satisfactory	2025-02-09
Financial Management	Moderately Satisfactory	2025-02-09
Procurement	Moderately Unsatisfactory	2025-02-09

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

1. Percentage of participating rural enterprises that have accessed new markets Value 0.00 2.00 100.00
Date January 1, 2019 November 17, 2023 March 31, 2025
Comment
3. Number of targeted beneficiaries reached with project-supported climate resilient approaches Value 0.00 11.00 210.00
Date January 1, 2019 November 17, 2023 March 31, 2025
Comment

2. Percentage of participating rural enterprises operating on or above the projections (gross sales value) of their business plan	Value	0.00	0.00	80.00
	Date	January 1, 2019	November 17, 2023	March 31, 2025
	Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

6. Number of operating public infrastructure investments supported by the project Value 0.00 1.00 4.00
Date January 1, 2019 November 17, 2023 March 31, 2025
Comment
7. Number of completed analytical assessments or studies for the agriculture or tourism sector. Value 0.00 2.00 6.00
Date January 1, 2019 November 17, 2023 March 31, 2025
Comment
1. Number of business plans initiated Value 0.00 21.00 90.00
Date January 1, 2019 November 17, 2023 March 31, 2025
Comment

8. Number of participants from public sector and other relevant partner entities trained by the project (of which female and youth)	Value	0.00	267.00	650.00
	Date	January 1, 2019	November 17, 2023	March 31, 2025
	Comment

2. Number of rural enterprises participating in approved business plans (of which (a) with partnership agreements and (b) agriculture-tourism partnerships)	Value	0.00	12.00	200.00
	Date	January 1, 2019	November 17, 2023	March 31, 2025
	Comment

Female Value 0.00 0.00 40.00
Date
Comment
(a) with partnership agreement Value 0.00 0.00 100.00
Date
Comment
Youth Value 0.00 0.00 30.00
Date
Comment
(b) with partnership agreement involving agriculture and tourism Value 0.00 0.00 20.00
Date
Comment

9. Percentage of participating rural enterprises reporting satisfaction with consultation process (Business Plan appraisal, implementation and monitoring)	Value	0.00	0.00	80.00
	Date	July 31, 2020	November 17, 2023	September 30, 2025
	Comment

3. Percentage of project-supported enterprises that mobilize additional financing from private sector Value 0.00 0.00 20.00
Date January 1, 2019 November 17, 2023 March 31, 2025
Comment
4. Number of direct jobs created by the project (of which women and youth) Value 0.00 30.00 4300.00
Date January 1, 2019 November 17, 2023 March 31, 2025
Comment
Women Value 0.00 0.00 30.00
Date
Comment
Youth Value 0.00 0.00 20.00
Date
Comment

5. Number of participants from rural enterprises taking part in capacity development activities (of which climate resilient approaches and market access)	Value	0.00	4943.00	9000.00
	Date	January 1, 2019	November 17, 2023	March 31, 2025
	Comment

Participants to Climate Resilient Approaches training Value 0.00 0.00 40.00
Date
Comment
Participants to market access training Value 0.00 0.00 30.00
Date
Comment

1. Number of business plans initiated	Value	0.00	21.00	90.00
	Date	January 1, 2019	November 17, 2023	March 31, 2025
	Comment

(a) with partnership agreement	Value	0.00	0.00	100.00
	Date
	Comment

Participants to market access training	Value	0.00	0.00	30.00
	Date
	Comment

Second Rural Economic Development Initiative (REDI II) Project

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

Stay Connected, sign up for our:

Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

Detailed Financial Activity as of February 28, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS