The World Bank Report No: ISR13501 Implementation Status & Results Jamaica Jamaica First Programmatic DPL (P145995) Public Disclosure Copy Project Name: Jamaica First Programmatic DPL (P145995) Program Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 13-Apr-2014 Country: Jamaica Approval FY: 2014 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Development Policy Lending Implementing Agency(ies): Key Dates Board Approval Date 12-Dec-2013 Original Closing Date 30-Jun-2014 Planned Mid Term Review Date Last Archived ISR Date Effectiveness Date 17-Dec-2013 Revised Closing Date 30-Jun-2014 Actual Mid Term Review Date Program Development Objectives Program Development Objective (from Program Document) Support the Government of Jamaica's implementation of a set of policy and institutional reforms to increase competitiveness and improve fiscal management. Has the Program Development Objective been changed since Board Approval of the Program? Yes No Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Implementation Status Overview Good progress has been made on reforms supported by the DPL which was approved on December 12, 2013, and fully disbursed on December 19. Overall implementation status is satisfactory, with substantive progress being made on implementation of the reforms supported in the DL. On the investment climate pillars, the government has started working on the next generation of the reforms, that build on the reforms recently passed. On the public sector pillar, reforms supported in the DPL are making headways in improving public Public Disclosure Copy sector management. Two of the target indicators have already been achieved (the number of sector-based tax incentives is down to 1, and 100 percent of public investment projects are in the online database). Results Results Indicators Page 1 of 3 The World Bank Report No: ISR13501 Indicator Name Core Unit of Measure Baseline Current End Target Civil court cases above JM$ 250,000 Number Value 0.00 2250.00 processed by lower courts Date 01-Jan-2013 10-Mar-2014 31-Dec-2014 Public Disclosure Copy Comments Justice Enforcement Management System is now in place to track the progress of civil and criminal cases in the court system. While current data is not available, anecdotal information suggests lower courts are beginning to handle a number of cases above JM$ 250,000. Number of formalized microenterprises and Number Value 12655.00 13608.00 small business Date 31-Mar-2012 31-Mar-2013 Comments Increase in number of A 7.4% growth in formalized formalized MSME expected to MSMEs over the previous file returns. Target is a 5% year. Recent steps taken or increase. underway to increase formalization, introduction ofone-stop Superform forbusiness registration, government procurement preferences, and mobile registration Progress in completing pension reform Text Value Cabinet decision White paper on public Drafting instructions issued to legislation pension reform tabled in Chief Parliamentary Council parliament Date 08-Nov-2013 10-Mar-2014 Comments Cabinet Submission drafted for Cabinet approval for the issue of drafting instructions Public Disclosure Copy for the Chief Parliamentary Counsel to draftthe legislation Number of sector-based tax incentives Number Value 15.00 1.00 4.00 programs Date 10-Mar-2015 31-Dec-2014 Comments Tax incentives legislation Target met. passed in December, replaces the multiplicity of discretionary tax waivers and sectoral incentives schems. Page 2 of 3 The World Bank Report No: ISR13501 Percent of Public investment projects in the Percentage Value 0.00 100.00 90.00 online database Date 30-Jun-2013 10-Mar-2014 31-Dec-2014 Comments Target met. All 297 projects Public Disclosure Copy are in the database, however not all the info has been uploaded. Data on Financial Performance (as of 19-Dec-2013) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P145995 IBRD-83170 Effective 12-Dec-2013 16-Dec-2013 17-Dec-2013 30-Jun-2014 30-Jun-2014 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P145995 IBRD-83170 Effective USD 130.00 130.00 0.00 130.00 0.00 100.00 Tranches Tranche 1 Amount (USD) Expected Release Date Actual Release Date Status 0 Pending Released Key Decisions Regarding Implementation Implementation is progressing satisfactorily. Work will begin on identifying the next set of policy reforms for the programmatic DPL. Restructuring History Public Disclosure Copy There has been no restructuring to date. Related Operations There are no related projects. Page 3 of 3