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 Classification

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
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5236/OC-JA Sovereign Guaranteed USD - United States Dollar Ordinary Capital Flexible Financing Facility
Operation Number 5236/OC-JA
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Flexible Financing Facility

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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
 Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-1841391858-5
Electronic Links
JA-L1087 - Policy Letter.pdf
Dec. 20, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-1841391858-2
Electronic Links
JA-L1087 - Monitoring and Evaluation Plan.docx
Dec. 20, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-1841391858-3
Electronic Links
JA-L1087 - Means of Verification.docx
Dec. 20, 2021
English
https://www.iadb.org/document.cfm?id=EZSHARE-1841391858-1
Electronic Links
JA-L1087 - EOL1 - Bibliography.docx
Dec. 20, 2021
English

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