Public Disclosure Copy The World Bank Implementation Status & Results Report Jamaica First Economic Resilience DPL (P170223) Jamaica First Economic Resilience DPL (P170223) LATIN AMERICA AND CARIBBEAN | Jamaica | Macroeconomics, Trade and Investment Global Practice | IBRD/IDA | Development Policy Lending | FY 2020 | Seq No: 1 | ARCHIVED on 23-Nov-2020 | ISR44150 | Implementing Agencies: Jamaica, Ministry of Finance & the Public Service Key Dates Key Project Dates Bank Approval Date: 19-Mar-2020 Effectiveness Date: 25-Mar-2020 Original Closing Date: 31-Mar-2021 Revised Closing Date: 31-Mar-2021 pdoTable Project Development Objectives Program Development Objective (from Program Document) The Program Development Objectives are to (a) Support Fiscal Sustainability and Inclusion; (b) Enhance Fiscal and Financial Resilience against Natural Disaster Risks; and (c) Improve the Investment Climate for Sustainable Growth. Has the Project Development Objective been changed since Board Approval of the Project Objective? No Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO -- Satisfactory Overall Implementation Progress (IP) -- Satisfactory Overall Risk Rating -- Substantial Implementation Status and Key Decisions Jamaica First Economic Resilience DPL (P170223) operation was fully disbursed in March 2020. Reform implementation is progressing but the COVID-19 pandemic could derail progress in 2021. The impact of the crisis warranted an adjustment in some priorities including deploying emergency support to protect lives and livelihoods. As such, the series has been interrupted and will now straddle the COVID-19 Response and Recovery DPF (P174531) operation which aims to provide emergency support in the context of the pandemic. As part of efforts to accelerate fiscal transparency and sustainability, legislation to operationalize the fiscal council has been brought forward and included in the emergency operation. Except for the fiscal council, the reform program supported by the Economic Resilience DPL (P170223) series remains unchanged. The policy matrix for the second and last operation in the series will be adjusted accordingly. The timing of the second operation – given the ongoing preparation of the emergency operation - will change. While the risks are tilted to the downside, the team is moderately optimistic that the targeted results can be achieved. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating 11/23/2020 Page 1 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Jamaica First Economic Resilience DPL (P170223) Political and Governance Moderate -- Moderate Macroeconomic Substantial -- Substantial Sector Strategies and Policies Moderate -- Moderate Technical Design of Project or Program Moderate -- Moderate Institutional Capacity for Implementation and Substantial -- Substantial Sustainability Fiduciary Substantial -- Substantial Environment and Social Moderate -- Moderate Stakeholders Moderate -- Moderate Other -- -- -- Overall Substantial -- Substantial Results Results Indicators Pillar A: Support Fiscal Sustainability and Inclusion IN00916963 ►The Fiscal Council is adequately staffed and issues regular fiscal assessment reports (that include debt sustainability analysis) (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- No Yes Date 31-Dec-2018 -- 11-Nov-2020 31-Dec-2021 IN00916964 ►Percentage of self-financing public bodies compliant with submitting an Annual Report within four months after the end of the financial year (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 47.00 -- 38.00 63.00 Date 31-Mar-2019 -- 11-Nov-2020 31-Dec-2021 IN00917164 ►Percentage of rural beneficiaries among all new PATH beneficiaries; (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 80.00 -- 80.00 85.00 Date 31-Dec-2018 -- 12-Nov-2020 31-Dec-2021 Pillar B: Enhance Fiscal and Financial Resilience against Natural Disaster Risks IN00917165 11/23/2020 Page 2 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Jamaica First Economic Resilience DPL (P170223) ►Annual Fiscal Policy Paper has a section quantifying disaster-related risks (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value No -- Yes Yes Date 31-Dec-2018 -- 11-Nov-2020 31-Dec-2021 IN00917234 ►Capitalization of the National Natural Disaster Reserve Fund (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 100,000,000.00 -- 2,100,000,000.00 3,100,000,000.00 Date 31-Dec-2018 -- 11-Nov-2020 31-Dec-2021 IN00917235 ►Number of post-natural disaster sources of financing available to ministries, departments and agencies with documented emergency procedures; (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 5.00 5.00 Date 31-Dec-2018 -- 11-Nov-2020 31-Dec-2021 Pillar C: Improve the Investment Climate for Sustainable Growth IN00917291 ►Percentage of commercial declaration documentary processed by customs within 16 hours (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 50.00 -- 71.00 70.00 Date 31-Dec-2018 -- 11-Nov-2020 31-Dec-2021 IN00917292 ►Percentage of commercial consignment initially assigned to green channel; (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 10.00 -- 26.00 30.00 Date 31-Dec-2018 -- 11-Nov-2020 31-Dec-2021 IN00917284 ►Number of titles issued annually (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1,300.00 -- 1,300.00 3,500.00 Date 31-Dec-2018 -- 11-Nov-2020 31-Dec-2021 IN00917285 11/23/2020 Page 3 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Jamaica First Economic Resilience DPL (P170223) ►Total number of titles with unimproved value of J$ 2 million and below; (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2,000.00 -- 2,000.00 4,000.00 Date 31-Dec-2018 -- 11-Nov-2020 31-Dec-2021 IN00917296 ►Percentage of active fishers who are licensed; (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 16.00 -- 39.50 30.00 Date 31-Dec-2018 -- 11-Nov-2020 31-Dec-2021 IN00917278 ►Number of days to obtain building permit (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 141.50 -- 141.50 106.00 Date 31-Dec-2018 -- 11-Nov-2020 31-Dec-2021 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P170223 IBRD-90530 Effective USD 70.00 70.00 0.00 70.00 0.00 100% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P170223 IBRD-90530 Effective 19-Mar-2020 20-Mar-2020 25-Mar-2020 31-Mar-2021 31-Mar-2021 Tranches Restructuring History There has been no restructuring to date. Related Project(s) 11/23/2020 Page 4 of 5 Public Disclosure Copy The World Bank Implementation Status & Results Report Jamaica First Economic Resilience DPL (P170223) P173158-Jamaica: Economic Resilience DPL II 11/23/2020 Page 5 of 5