Jamaica First Economic Resilience DPL

Abstract*

The development objective of First Economic Resilience Development Policy Loan (ERDPL) Project are to (a) Support Fiscal Sustainability and Inclusion; (b) Enhance Fiscal and Financial Resilience against Natural Disaster Risks; and (c) Improve the Investment Climate for Sustainable Growth. This program document focuses on a first development policy loan (DPL) operation in a programmatic series of two IBRD loans.The ERDPL series is structured around... Show More

Development Objective

The Program Development Objectives are to (a) Support Fiscal Sustainability and Inclusion; (b) Enhance Fiscal and Financial Resilience against Natural Disaster Risks; and (c) Improve the Investment Climate for Sustainable Growth.

Key Details

Project Details

Project ID
P170223
Status
Closed
Team Leader
Elena Bondarenko , Gabriel Sensenbrenner
Borrower 2
Jamaica

Country
Jamaica
Disclosure Date
January 2, 2020
Approval Date
(as of board presentation)
March 19, 2020
Effective Date
March 25, 2020

Total Project Cost 1
US$ 0.00 million
Implementing Agency
Ministry of Finance & the Public Service
Region
Latin America and Caribbean
Fiscal Year 3
2020

Commitment Amount
US$ 70.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
March 31, 2021

Last Stage Reached
BANK APPROVED
Last Update Date
December 5, 2023

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 - Economic Policy

FY17 - Fiscal Policy22%
- FY17 - Fiscal sustainability22%
FY17 - Trade11%
- FY17 - Trade Facilitation11%

FY17 - Environment and Natural Resource Management

FY17 - Climate change39%
- FY17 - Adaptation39%
FY17 - Renewable Natural Resources Asset Management11%
- FY17 - Fisheries Policies and institutions11%

FY17 - Finance

FY17 - Finance for Development33%
- FY17 - Disaster Risk Finance33%

FY17 - Social Development and Protection

FY17 - Social Protection11%
- FY17 - Social Safety Nets11%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management11%
- FY17 - Disaster Response and Recovery11%
FY17 - Rural Development11%
- FY17 - Land Administration and Management11%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	70.00

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**	N/A

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Feb 15, 2024	IBRD-90530	Int Charges	20,355.34
Feb 15, 2022	IBRD-90530	Int Charges	443,644.44
Mar 19, 2020	IBRD-90530	Loan Commitment	70,000,000.00
Aug 15, 2024	IBRD-90530	Int Charges	2,421,493.00
Aug 15, 2024	IBRD-90530	Int Charges	12,864.50
Feb 15, 2023	IBRD-90530	Int Charges	113,041.22
Feb 15, 2023	IBRD-90530	Int Charges	1,739,408.10
Aug 15, 2023	IBRD-90530	Int Charges	73,400.10
Aug 15, 2023	IBRD-90530	Int Charges	2,103,976.00
Aug 15, 2022	IBRD-90530	Int Charges	606,417.06
Mar 27, 2020	IBRD-90530	Loan Disb	69,825,000.00
Mar 25, 2020	IBRD-90530	Loan Disb	175,000.00
Mar 25, 2020	IBRD-90530	Fee Charges	175,000.00
Aug 15, 2020	IBRD-90530	Int Charges	485,292.20
Feb 15, 2021	IBRD-90530	Int Charges	497,311.10
Aug 15, 2021	IBRD-90530	Int Charges	450,488.88
Feb 15, 2024	IBRD-90530	Int Charges	2,416,005.50

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2020-11-23
Program Management	Satisfactory	2020-11-23
Overall Implementation Progress (IP)	Satisfactory	2020-11-23
Monitoring and Evaluation	Satisfactory	2020-11-23

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-04-2023
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 03-30-2024	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Satisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality		N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Annual Fiscal Policy Paper has a section quantifying disaster-related risks Value No Yes Yes
Date December 31, 2018 March 31, 2021 March 31, 2021
Comment
The Fiscal Council is adequately staffed and issues regular fiscal assessment reports (that include debt sustainability analysis) Value 0.00 0.00 2.00
Date December 31, 2018 March 31, 2021 June 1, 2021
Comment
Percentage of commercial declaration documentary processed by customs within 16 hours Value 51.00 76.00 70.00
Date December 31, 2018 March 31, 2021 March 31, 2021
Comment
Capitalization of the National Natural Disaster Reserve Fund Value 100000000.00 4500000000.00 3100000000.00
Date December 31, 2018 March 31, 2021 December 31, 2021
Comment

Percentage of self-financing public bodies compliant with submitting an Annual Report within four months after the end of the financial year	Value	47.00	28.60	63.00
	Date	March 31, 2019	March 31, 2021	March 31, 2021
	Comment

Percentage of commercial consignment initially assigned to green channel; Value 10.00 24.00 30.00
Date December 31, 2018 March 31, 2021 March 31, 2021
Comment

Number of post-natural disaster sources of financing available to ministries, departments and agencies with documented emergency procedures;	Value	0.00	5.00	5.00
	Date	December 31, 2018	March 31, 2021	March 31, 2021
	Comment

Percentage of rural beneficiaries among all new PATH beneficiaries; Value 80.00 95.00 85.00
Date December 31, 2018 March 31, 2021 March 31, 2021
Comment
Number of titles issued annually Value 1300.00 7872.00 3500.00
Date December 31, 2018 March 31, 2021 March 31, 2021
Comment
Total number of titles with unimproved value of J$ 2 million and below; Value 2000.00 6769.00 4000.00
Date December 31, 2018 March 31, 2021 March 31, 2021
Comment
Percentage of active fishers who are licensed; Value 16.00 49.50 30.00
Date December 31, 2018 March 31, 2021 March 31, 2021
Comment
Number of days to obtain building permit Value 141.50 30.00 106.00
Date December 31, 2018 January 3, 2022 December 31, 2021
Comment

Percentage of commercial declaration documentary processed by customs within 16 hours	Value	51.00	76.00	70.00
	Date	December 31, 2018	March 31, 2021	March 31, 2021
	Comment

Capitalization of the National Natural Disaster Reserve Fund	Value	100000000.00	4500000000.00	3100000000.00
	Date	December 31, 2018	March 31, 2021	December 31, 2021
	Comment

Percentage of commercial consignment initially assigned to green channel;	Value	10.00	24.00	30.00
	Date	December 31, 2018	March 31, 2021	March 31, 2021
	Comment

Percentage of rural beneficiaries among all new PATH beneficiaries;	Value	80.00	95.00	85.00
	Date	December 31, 2018	March 31, 2021	March 31, 2021
	Comment

Number of titles issued annually	Value	1300.00	7872.00	3500.00
	Date	December 31, 2018	March 31, 2021	March 31, 2021
	Comment

Total number of titles with unimproved value of J$ 2 million and below;	Value	2000.00	6769.00	4000.00
	Date	December 31, 2018	March 31, 2021	March 31, 2021
	Comment

Percentage of active fishers who are licensed;	Value	16.00	49.50	30.00
	Date	December 31, 2018	March 31, 2021	March 31, 2021
	Comment

Number of days to obtain building permit	Value	141.50	30.00	106.00
	Date	December 31, 2018	January 3, 2022	December 31, 2021
	Comment

The Fiscal Council is adequately staffed and issues regular fiscal assessment reports (that include debt sustainability analysis)	Value	0.00	0.00	2.00
	Date	December 31, 2018	March 31, 2021	June 1, 2021
	Comment