Support to NWC for Improvements in Corporatization & Institutional Strengthening (IADB-JA-T1118)

Countries
  • Jamaica
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Oct 21, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Sectors
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jul 4, 2017

Disclosed by Bank Oct 28, 2016


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Project Description
The general objective is to support National Water Commission (NWC) in improving the quality and sustainability of the NWC's services to its customers. Specifically, the TC aims to: (i) improve NWC's capacity to fund its investment program; (ii) support the preparation of plans for improvements of NWC corporate governance (CG) arrangements; and (iii) develop a detailed training plan for institutional strengthening of NWC's business planning and operations and maintenance (O&M) protocols. The project including hiring a consultant, whose principle objectives are: a. Formulate an improvement plan for Corporate Governance practices within NWC. b. Define steps towards the diversification of the ownership structure of NWC to make it more attractive for the private sector to participate in various forms public private partnership arrangements. c. Formally train key officials of the Ministry of Economic Growth and Job Creation, NWC Board members, NWC officials on the CG tool and concepts. d. Explore the Impact of Privatization of the NWC in achieving the goals outlined.
Investment Description
  • Inter-American Development Bank (IADB)
Non-reimbursable technical cooperation.
Contact Information
ACCOUNTABILITY MECHANISM OF IADB The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).