What’s The US$105 Million Dollar Loan For?

Cartoon Sept 5 - Loan
Jamaica Gleaner Cartoon

Finance Minister Dr Peter Phillips signed loan agreements with the World Bank in Washington on Wednesday September 3, 2014 to fund three projects.

The three (3) projects to be funded are:

  1. The Foundation for Competitiveness and Growth Project
  2. The Youth Employment in Digital Animation Industry Project 
  3. The Strategic Public Sector Transformation Project

diG Deeper

The Foundation for Competitiveness and Growth Project – US$50 million

The development objective of the Foundations for Competitiveness and Growth Project for Jamaica is to strengthen the business environment in Jamaica for private sector investment. The project comprises of four components.  Read about the four components & view latest project documents>>

The Youth Employment in Digital Animation Industry Project – US$20 million

The development objective of the Sustainable Youth Employment in Digital and Animation Industries Project for Jamaica is to support youth employment in the digital and animation industries in Jamaica. The project comprises of five components. Read about the five components & view latest project documents>>

The Strategic Public Sector Transformation Project – US$35 million

The objective of the project is to strengthen public resource management and support selected public sector institutions in facilitating a more enabling environment for private sector growth. Read more info>>