The World Bank currently has nine ongoing projects in Jamaica:
The Social Protection Project (US$80 million Additional financing approved in 2014) seeks to strengthen the country’s social insurance and social assistance system and will continue to support the PATH program..
The Rural Economic Development Initiative (REDI) (US$15 million) aims to stimulate rural economic growth through the financing of approximately 110 rural subprojects that support revenue generating activities in agriculture and tourism, as well as the provision of critical infrastructure, marketing and management subprojects in these sectors.
The Early Childhood Development Project (US$27 million Additional Financing Approved 2014) co-finances the implementation of Jamaica’s National Strategic Plan for Early Childhood Development by improving services for young children and their parents.
The Education Transformation Capacity Building Project (US$16 million) supports the implementation of the national Education System Transformation Program (ESTP).
The Energy Security and Efficiency Project (US$15 million) supports the implementation of the government’s energy policy, particularly the goals of enhancing Jamaica’s energy security and efficiency by reducing energy costs and reducing the country’s high dependence on imported petroleum products.
The Jamaica Integrated Community Development Project (US$ 42 million) is the second phase of the recently closed JM Inner City Basic Services for the Poor Project with the goal of enhancing access to basic urban infrastructure and services, and contributing towards increased community safety in selected economically vulnerable and socially volatile inner city and rural communities in Jamaica.
Three new projects were launched early in the current fiscal year (July 2014) to reinforce the pillars of the new CPS for Jamaica and supplement gaps in the portfolio.
The JM Strategic Public Sector Transformation Project (US$ 35 million) seeks to strengthen public resource management and support selected public sector institutions in facilitating a more enabling environment for private sector growth. There are five components to the project, the first component being strengthening the Public Investment Management System (PIMS).
The JM Youth Employment in Digital and Animation Industries Project (US$ 20 million) is designed to support youth employment in the digital and animation industries in Jamaica. The project comprises of five components. The first component, skills and capacity to enhance employability and entrepreneurship will build capacity and skills of Jamaican youth to improve employability in the growing animation industry and in the global online labor market, and provide critical skills to young tech entrepreneurs
The Jamaica Foundations for Competitiveness and Growth Project (US$ 50 million) aims to strengthen the business environment in Jamaica for private sector investment. The foundation component is designed to enhance competition in the business environment by providing technical assistance (TA) and implementation support to address critical business regulation and procedural issues that constrain firm entry, operation and expansion, competition, and trade and logistics.
The Bank also provides grant funding to Jamaica. Currently, there are four grants under implementation of about US$5.9 million the most recent of which is the Jamaica Social and Economic Inclusion of Persons with Disabilities Project (US$3 million) which supports affirmative action for vulnerable citizens to access foundational education and social services.
Last Updated: Oct 02, 2014