Second Competitiveness and Fiscal Management Programmatic DPF (WB-P163586)

Countries
  • Jamaica
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
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
Jun 8, 2017
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.
Borrower
JAMAICA MINISTRY OF FINANCE AND PUBLIC S
The holder of the loan, grant, or other investment.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 70.00 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)
$ 70.00 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 @ WB website

Updated in EWS Oct 30, 2017

Disclosed by Bank Apr 6, 2017


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Project Description
This program document presents a proposed programmatic Development Policy Financing (DPF) operation to support the Government of Jamaica’s (GOJ’s) policies aimed at (i) improving investment climate and competitiveness and (ii) sustaining fiscal consolidation and enhancing public financial management. This program ahs two pillars: 1) The first pillar of the proposed operation supports policy reforms that are central to the government’s growth agenda. The second pillar helps the government to sustain fiscal consolidation by strengthening the legal and institutional framework for fiscal and public financial management. The government’s program is anchored in the objectives of the National Development Plan (NDP) Vision 2030 Jamaica, which seeks to transform Jamaica into a developed country by 2030. The Programmatic DPF series supports the GOJ’s policies aimed at (i) improving investment cli-mate and competitiveness and (ii) sustaining fiscal consolidation and enhancing public financial management
Investment Description
  • World Bank (WB)
Contact Information
ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.