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Jamaica COVID-19 Response and Recovery Development Policy Financing

Abstract*

The development objective of the COVID-19 Response and Recovery Development Policy Financing in Jamaica is to assist in Jamaica's response to the COVID-19 crisis by: (i) protecting poor and vulnerable people; (ii) supporting sustainable business growth and job creation; and (iii) strengthening policies and institutions for resilient and sustainable recovery. The operation is structured around three interrelated pillars aligned with the objectives...

* 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 development objective of this operation is to assist in Jamaica's response to the COVID-19 crisis by: (i) protecting poor and vulnerable people; (ii) supporting sustainable business growth and job creation; and (iii) strengthening policies and institutions for resilient and sustainable recovery.

Key Details

Project Details

  • P174531

  • Closed

  • Rohan Longmore , Fadwa Bennani

  • Jamaica

  • Jamaica

  • December 14, 2020

  • (as of board presentation)

    March 18, 2021

  • March 29, 2021

  • US$ 150.00 million

  • N/A

  • August 16, 2023

  • March 31, 2022

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 150.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 150.00
IDA Commitment N/A
IBRD + IDA Commitment 150.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

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

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No data available.
Period Financier Transaction Type Amount (US$)
Dec 15, 2023 IBRD-92160 Int Charges 79,770.15
Dec 15, 2023 IBRD-92160 Int Charges 4,707,709.50
Jun 15, 2021 IBRD-92160 Int Charges 302,696.66
Mar 31, 2021 IBRD-92160 Loan Disb 100,000,000.00
Apr 1, 2021 IBRD-92160 Loan Disb 49,625,000.00
Mar 29, 2021 IBRD-92160 Loan Disb 375,000.00
Mar 29, 2021 IBRD-92160 Fee Charges 375,000.00
Jun 15, 2024 IBRD-92160 Int Charges 29,825.04
Jun 15, 2024 IBRD-92160 Int Charges 4,989,841.50
Dec 15, 2022 IBRD-92160 Int Charges 2,820,469.50
Dec 15, 2021 IBRD-92160 Int Charges 709,125.00
Jun 15, 2022 IBRD-92160 Int Charges 819,000.00
Mar 18, 2021 IBRD-92160 Loan Commitment 150,000,000.00
Jun 15, 2023 IBRD-92160 Int Charges 191,911.84
Jun 15, 2023 IBRD-92160 Int Charges 4,110,939.80

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 03-23-2023
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 07-20-2023PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualityHighN/a
M&e QualityN/a

Results Framework

No data available.