$30 million loan to fund conditional cash transfers, parenting education, on-the-job training, and school feeding programs
The Inter-American Development Bank (IDB) has approved a $30 million loan to help improve the lot of Jamaica’s poor by supporting key social protection programs targeting beneficiaries who benefit under the Program of Advancement Through Health and Education (PATH) and the School Feeding Program. The beneficiaries are children 0-18 years, pregnant and lactating women and adult members of PATH beneficiary household.
One of its components will finance conditional grants ranging from $750 to $1,265 per month to eligible children and pregnant women who comply with a series of co-responsibilities dealing with a preset number of clinic visits per year and with school attendance.
A second component will strengthen the PATH by supporting parenting education workshops for beneficiary households with 2-6 year old children focusing on their nutrition, discipline, safety, learning, and health needs. This section will also upgrade services, facilities and equipment for the early stimulation program for children with disabilities.
A third component will focus on improving labor market outcomes through development of links between social assistance and labor markets, advances in national employment services, and establishment of an on-the-job training pilot for members of PATH beneficiary household. It will subsidize up to three months of training in private firms for 1,500 beneficiaries, help expand the current electronic labor exchange, and conduct studies aimed at developing a national employment strategy.
A fourth component will support modernization of the School Feeding Program. This component will finance activities to advance preparation of the planned School Feeding Policy and strengthen the program’s administrative structure.
The IDB loan is for a 25-year term, with a 5-1/2 year grace period and a variable interest rate based on LIBOR.
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