Component 1

Enhancing competition in the business environment

Component 1 of our project covers a wide range of initiatives that impact the business environment. Its work, which is carried out by JAMPRO, supports the entry, operation and expansion of businesses, competition and trade and logistics. These activities include:

• Improving the Building Development Approval Process
• Creating a new insolvency regime
• Trade facilitation through the Fair Trading Commission
• Investment Reform through a National Investment Policy
• In-Market Brokers for Agro-Processing & Business Process Outsourcing
• The National Spatial Plan
• Special Economic Zones

Component 2

Facilitating strategic private investments

Component 2 of our project facilitates strategic private investment in the economy. One of the most recognised projects in which it played a significant role is Wigton Wind Farm Limited’s historic Initial Public Offering (IPO) and its recent privatisation.

This component, which is led by the Development Bank of Jamaica (DBJ), is split into two parts:

Component 2A: Project Preparation Facility (PPF)

The Project Preparation Facility (PPF) finances feasibility and other related studies needed to bring strategic private investments to commercial and financial close.

Component 2B (ii) & (iii): Technical Assistance and studies for Investment Support

This part of the component covers technical assistance in investment generation, pre-commissioning, and monitoring to support the effective usage of studies funded by the PPF and overall project preparation and implementation. There is also capacity building within the Government of Jamaica to appropriately plan for and manage transactions.

Component 3

SME productivity improvement

Component 3 of our project provides support to Small and Medium-Sized Enterprises (SMEs). It has supported numerous Jamaican entities ranging from small businesses to large supply chains with dozens of artisans and farmers.

This work, led by the Development Bank of Jamaica (DBJ), is done through two sub-components:

Component 3A: SME Supply Chain Productivity Improvement

This component provides funding and capacity building for local supply chains of micro, small and medium-sized enterprises and their larger customers, regarded as an anchor firms. The Jamaica Business Fund (JBF) manages this sub-component.

Component 3B: SME Finance

This sub-component manages the DBJ World Bank Small Business Loan, which is available to micro, small and medium-sized enterprises and is disbursed through Approved Financial Institutions (AFIs) at some of the lowest interest rates on the market.

Component 4

Monitoring and evaluation

Component 4 of our project is managed by the Planning Institute of Jamaica (PIOJ) and is split into two sub-components:

Component 4A: Project management and implementation

This sub-component funds all project management and operational costs for the project.

Component 4B: Technical Assistance for communications and productivity evaluation

This sub-component finances technical assistance to support the PIOJ’s implementation and evaluation of our project.