Jamaica Rural Economic Development Initiative-Second Phase (WB-P166279)

Countries
  • Jamaica
Geographic location 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.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of Jamaica
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 40.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 42.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Disclosed by Bank May 28, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the bank, the proposed project will build on the achievements of REDI on further improving market access to rural enterprises. The enhancements are expected to: (a) expand tested approaches to improve the environment for fostering rural growth, including by addressing policy issues; (b) further exploitation of the tourism and agriculture linkages;  (c) increased access to new technologies to improve productivity and adoption of climate smart technologies in agriculture; and (d) improved basic infrastructure and agro-logistics for enhanced market access by rural producers and services providers, incorporating critical climate-resilient infrastructure specifications and methodologies to increase sustainability. In doing so, project design will be informed by the significant climate change risks to project outcomes identified in the Climate Change Risk Screening (e.g. including drought, erratic rainfall, extreme climate events). Analysis and design of core project activities undertaken during project preparation will include gender-sensitive analysis, with the aim of including specific mechanisms to ensure participation of and benefits for women and youth.

The project expects to support around 160 Rural Enterprises, defined as legally constituted agribusinesses, small farmers’ associations or cooperatives formed by micro and small farmers, engaged in supplying agro-based products and services, and tourism producers and services providers, from across all parishes in the country that meet the eligibility criteria.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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.

How it works

How it works