Jamaica Foundations for Competitiveness and Growth Project Additional Financing (WB-P173165)

  • 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.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
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."
Voting Date
Dec 15, 2020
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Government of Jamaica
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Industry and Trade
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 10.00 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.
Primary Source

Original disclosure @ WB website

Updated in EWS Nov 9, 2020

Disclosed by Bank Nov 6, 2020

Contribute Information
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Contact the EWS Team

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.

D. Project Description

6. Following the Government’s request letter dated July 17, 2019, the proposed AF was designed to support the
government’s effort to improve the investment climate. This will also scale up the country's recent positive performance
under the original loan. This AF will provide resources to component 1 (Enhancing competition in the business
environment) and component 4 (Project implementation and M&E) of the original loan. A new component 5 (Contingent
Emergency Response Component) will also be added as part of the AF.
Component 1: Enhancing competition in the business environment (U$8.5million AF).

7. The AF will expand its support to the investment climate reform program. Under the original loan, the investment
climate program provided support to four areas: (i) trading across borders, (ii) dealing with construction permits, (iii)
registering a property, and (iv) resolving insolvency. The AF will continue to provide support to these four areas. In
addition, the AF will provide TA to new investment climate areas: (i) paying taxes, (ii) getting credit, (iii) starting a business,
(iv) enforcing contracts, (v) getting electricity, and (vi) protecting minority investors. The AF support to the reform
program is expected to be complemented by an IFC technical assistance (TA) currently under preparation.

8. The AF will also finance communication and sensitization campaigns as needed for all investment climate reforms.

9. The AF will also finance TA to expand the activities started under the original loan to improve market penetration
through expansion of the Export Max III. This is intended to support SME expansion into global markets and develop
linkages through capacity building, market penetration, mentorship and digitization support. These will be accompanied
by a new Business Linkages Policy and a National Supply Chain and Market Penetration Strategy.

10. Lastly, under component 1, the AF will provide TA to scale support to investment facilitation in line with the
government’s effort to attract Foreign Direct Investments.
Component 4: Project implementation and M&E (US$ 1.5 million AF).

11. The AF will provide resources to component 4 to continue to fund all the management and operational costs
associated with the project and its implementation arrangement (US$1 million). These costs will include technical and
fiduciary staff at PIOJ under the Project Implementation Unit (PIU) and routine project audit and evaluation expenses. As
part of the agenda to promote gender equality, this component will also finance a study to help address, among others,
employment of women in MSMEs, new business licenses granted to women, understanding sectoral differentiations,
male/female access, and ownership to assets and credit (constraints). Finally, as part of the citizen engagement agenda,
this component will finance an impact evaluation study to collect data on impact of regulatory reforms on firm

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

Contact Information
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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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works