The goal of this Program is to improve the learning outcomes of Jamaica's education system. Its purpose is to support the education transformation process, including both the institutional and policy changes deemed necessary to improve the quality of services provided and increase the efficiency and accountability of the education system. To support the implementation of its transformation plans, GOJ requested assistance from the Bank through a programmatic policy-based operation consisting of three loans over a time period of seven years: The first loan (PBL JA-L1002 or 2074/OC-JA , 2008) for US$30 million was disbursed in 2008; (ii) the second loan (2010) is intended to be a hybrid operation (PBL plus investment loan) of an overall amount of US$20 million (PBL US$30 and Investment US$5 Million); and (iii) the third loan (PBL, 2012) would be for US$30 million.
|Project Type||Loan Operation|
|Environmental and Social Impact Category||C|
|Approval Date||FEB 24, 2010|
|Contract Signature Date||FEB 25, 2010|
|Completion Date||MAR 2, 2010|
|IDB Financing *||30.00|
|Total Cost H||USD 30,000,000|
|Financing Type||Single Currency Facility|
|Reporting currency||USD - United States Dollar|
|Reporting Date||FEB 28, 2017|
|Disbursed to Date R||USD 30,000,000|
|Repayments R||USD 4,000,000|
|Amount Outstanding R||USD 26,000,000|
|Income Collected R||USD 2,728,108|
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