IBRD Loan: US$15 million
Terms: Maturity = 30 years; Grace Period = 5.5 years
Project ID: P105122
Project Description: The Rural Economic Development Initiative Project for Jamaica aims to improve market access for micro and small-scale rural agricultural producers and tourism product and service providers. The first component of the project is rural subprojects in agriculture and rural tourism. The second component of the project is national technical assistance and capacity building. The third component of the project is project management. This component will finance project management, technical expertise (tourism and agricultural specialists, monitoring and evaluation) staff training, the annual audit, vehicles, office equipment, and other operating costs. This component will also ensure that effective fiduciary arrangements are in place during implementation.