Jamaica First Economic Resilience DPL (WB-P170223)

  • 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
Bank Risk Rating
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
Feb 20, 2020
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.
Ministry of Finance and the Public Service
The holder of the loan, grant, or other investment.
  • Climate and Environment
  • Finance
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment 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 Jan 13, 2020

Disclosed by Bank Jan 2, 2020

Contribute Information
Can you contribute information about this project?
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Project Description

According to the Bank's website, this project aims to support fiscal sustainability and inclusion, enhance fiscal and financial resilience against climate and natural disaster risks, and improve the investment climate necessary for sustainable growth. According to the Bank, this will be achieved by: (i) stregthening the institutional mechanisms that underpin fiscal responsibility, attenuates fiscal risks associated with public bodies and improves effectiveness of the social protection system within a sustainable fiscal envelope; (ii) supporting reforms to help ensure that budget planning adequately accounts for contingent liabilities from climate and natural disaster related risks, and that fiscal and monetary resources are sufficient to cope with disaster-related macroeconomic shocks; and (iii) supporting the government's economic growth ageda involving the application of a modern building code, reforms of the development and building applications approval process, trade facilitation and land titling. 

Investment Description
  • World Bank (WB)
Contact Information

Borrower / Client / Recipient 

Ministry of Finance and the Public Service: Rose Lemonius-Stewart, Economic Management Division rose.lemonius-stewart@mof.gov.jm 


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