Review of the 2010-2013 Jamaica Country Partnership Strategy Completion Report (CPSCR) and the CPS Progress Report (CPSPR)
This review examines the implementation of the FY2010-FY2013 Country Partnership Strategy (CPS) and FY2010-FY2013 CPS Progress Report (CPSPR), and assesses the CPS Completion Report (CPSCR). The CPS was jointly implemented by IBRD and IFC and covers the programs of both institutions. The CPS (... Full Description »
This review examines the implementation of the FY2010-FY2013 Country Partnership Strategy (CPS) and FY2010-FY2013 CPS Progress Report (CPSPR), and assesses the CPS Completion Report (CPSCR). The CPS was jointly implemented by IBRD and IFC and covers the programs of both institutions. The CPS (FY2010-2013) was aligned with Jamaica's Vision 2030 and strategic priorities articulated in its first Medium Term Socio-Economic Policy Framework. It was organized around three strategic pillars: (i) Supporting Economic Stability, (ii) Promoting Inclusive Growth, and (iii) Promoting Sustained Growth. Strengthening Governance was highlighted as a key crosscutting issue. IEG rates the Overall Outcome as Moderately Satisfactory. Of the three outcomes sought under pillar (i), one was achieved (abolishing deferred financing), one was mostly achieved (debt management), and one was partially achieved (preparing consolidated public accounts). Progress was made in most areas in achieving outcomes under pillar (ii). Eight outcomes, not all of equal importance and weight, were sought, of which four relatively simpler targets were achieved (persons trained in crime prevention, increase in crime data collection, inner city infrastructure and financial services, risk management training), three were mostly achieved (decentralized education, registration of childhood institutions, children benefiting from cash transfers), and one was not achieved (support for medium-size farmers). Pillar (iii) had partial accomplishments and several shortcomings. There were nine outcomes sought under this pillar, of which two were achieved (capacity to plan for climate resilience, public expenditure planning), four were partially achieved (landslide risks, internal audit, external audits, prioritization of public project), and three were not achieved (reducing energy losses, ease of paying taxes, weather risk). The CPS had identified many areas for IFC interventions but the IFC was unable to develop successful operations in most of these areas. Where successful, such as, in air transportation, IFC's program was cohesive with a series of privatization projects with good coordination between investment and advisory projects. However, in most areas such deliberate progress was missing. For example, in electricity, while generation capacity has been improving, almost no gains have been made to address systems loss, energy efficiency, and sustainability of sector institutions. Similarly, very little progress has been made to increase the number of schools through a public-private-partnership (PPP), as was envisaged in the CPS to eliminate the shift system in schools. IEG is in agreement with the key lessons identified in the CPSCR with respect to the need to improve competitiveness, desirability for flexibility, the need for realism in an environment of fiscal and capacity constraints, and for an efficient monitoring system. Other lessons that can be drawn from the CPSCR, some of which are quite important are: (i) Attention to financial and institutional constraints and external shocks is essential to setting realistic outcomes and achieving sustainable results; (ii) Careful consideration of sequencing and timing of reforms that deal with structural changes and capacity constraints is key to achieving expected outcomes; (iii) Using programmatic policy-based lending in support of difficult and demanding reforms in crisis situations proved to be a prudent approach; (iv) Identified weaknesses in investment lending projects suggest that simplification of project design is critical to achieving expected outcomes without implementation delays; and (v) Close collaboration with other development partners in Jamaica has proven important in achieving greater impact.
Content Type : Reports , Doc Sub Category : CAS Completion Report Reviews , Country : Jamaica
April 9, 2014
Jamaica: Country Assistance Note
Jamaica has had negative per capita gross domestic product growth for much of the last quarter of a century, despite active involvement of the Bank. Three structural adjustment and five sectoral adjustment loans since 1981, accompanied by a series of International Monetary Fund operations, have... Full Description »
Jamaica has had negative per capita gross domestic product growth for much of the last quarter of a century, despite active involvement of the Bank. Three structural adjustment and five sectoral adjustment loans since 1981, accompanied by a series of International Monetary Fund operations, have increased Jamaica ' s debt burden and left the country no better off in terms of growth or poverty reduction. Investment lending in this environment has also had a lower than average success rate. Unrealistic assessment of the Government ' s commitment to the vision articulated by the Bretton Woods agencies; overeagerness to lend; weak appreciation of social and governance constraints; and readiness to ignore implementation risks and underestimation of the economic impact of depressed markets for Jamaica ' s exports underlie the Bank ' s failure to promote a strong economic framework. Taken as a whole, the Bank ' s assistance strategy has had an unsatisfactory outcome, and Bank and Borrower performance have also been unsatisfactory. The future dialogue and lending program should focus on supporting measures to promote macroeconomic and financial stability; building government capacity and commitment, with monitorable indicators of progress; strengthening of institutional and human resources; and enhanced monitoring of the social impact of adjustment. The efficacy of such an agenda depends on restoring trust and effective communication between Jamaica and the Bank.
Content Type : Reports , Doc Sub Category : Country Program Evaluations , Country : Jamaica
December 21, 1998