Strengthening Fiscal Policy and Management Programme to Respond to the Public Health Crisis and Economic Effects of COVID-19 in Jamaica

The objective of the programme is to strengthen the efficiency, efficacy and equity of Jamaica's fiscal policy and management to address the health crisis and economic consequences of COVID-19, through the design and implementation of effective and fiscally responsible policy measures. Specific objectives include: (i) ensure timely availability of public resources to address the health emergency caused by COVID-19; (ii) strengthen the counter-cyclical role of fiscal policy through the temporary protection of employment and income of vulnerable households during the health and economic crisis; (iii) support the effective and continuous provision of essential goods and services through fiscal policy and management measures; and (iv) promote economic and fiscal recovery.

Project Detail

Country

Jamaica

Project Number

JA-L1087

Approval Date

March 10, 2021

Project Status

Closed

Project Type

Loan Operation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

FISCAL POLICY FOR SUSTAINABILITY AND GROWTH

Lending Instrument

Préstamo de Apoyo a Reformas de Política

Lending Instrument Code

PBL

Modality

PBP (Programmatic Policy Base Loan)

Facility Type

Environmental and Social Impact Category (ESIC)

Category B13: Uncategorized Directive B.13

Total Cost

USD 75,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 75,000,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZSHARE-1841391858-10

Loan Proposal

Jamaica. Propuesta de prestamo para el Programa de Fortalecimiento de la Politica y Gestion Fiscales para Responder a la Crisis de Salud Publica y los Efectos Economicos ausados por la COVID-19 en Jamaica.pdf

Dec. 20, 2021

Spanish

https://www.iadb.org/document.cfm?id=EZSHARE-1841391858-9

Loan Proposal

Jamaica. Loan proposal for the Strengthening Fiscal Policy and Management Programme to Respond to the Public Health Crisis and Economic Effects of COVID-19 in Jamaica .pdf

Dec. 20, 2021

English

https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-8457

Loan Contract

Contract - Strengthening Fiscal Policy and Management Programme to Respond to the Public Healt.pdf

Mar. 26, 2021

Spanish

https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49077

Loan Contract

Programa de Fortalecimiento de la Política y Gestión Fiscales para Responder a la Crisis de Salud Pública y los Efectos Económicos Causados por la COVID-19 en Jamaica.pdf

Mar. 18, 2021

Spanish

https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49076

Loan Contract

Strengthening Fiscal Policy and Management Programme to Respond to the Public Health Crisis and Economic Effects of COVID-19 in Jamaica.pdf

Mar. 18, 2021

English