| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 20.00 |
JAMAICA: SOCIAL PROTECTION FOR INCREASED RESILIENCE AND OPPORTUNITY (SPIRO)
Abstract*
The proposed project comprises 5 components:
Component 1: Enhanced Resilience through Unemployment Insurance (UI).
This component supports the establishment of the UI in Jamaica, which will provide protection against the risk of job loss caused by idiosyncratic and covariate shocks. This intervention increases resilience, including to climate change, serves as a safety net for workers and their families, and acts as an automatic stabilizer of aggregate... Show More
Development Objective
To expand coverage of social protection in Jamaica and to strengthen its social protection delivery system, particularly its capacity to respond to shocks.
Key Details
Project Details
P178582
Active
Clemente Avila Parra , Briana Wilson
Jamaica
June 30, 2022
(as of board presentation)
March 14, 2024
July 2, 2024
US$ 20.00 million
Ministry of Labor and Social Security
2024
US$ 20.00 million
N/A
May 19, 2023
January 31, 2030
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 20.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 20.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 20.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jul 2, 2024 | IBRD-96520 | Fee Charges | 50,000.00 |
| Mar 14, 2024 | IBRD-96520 | Loan Commitment | 20,000,000.00 |
| Jul 2, 2024 | IBRD-96520 | Loan Disb | 50,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2025-01-24 |
| Procurement | Satisfactory | 2025-01-24 |
| Financial Management | Moderately Satisfactory | 2025-01-24 |
| Monitoring and Evaluation | Satisfactory | 2025-01-24 |
| Overall Implementation Progress (IP) | Satisfactory | 2025-01-24 |
| Project Management | Satisfactory | 2025-01-24 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
No data available.