24.05.2014 Views

PIOJ Annual Report 2005 - Planning Institute of Jamaica

PIOJ Annual Report 2005 - Planning Institute of Jamaica

PIOJ Annual Report 2005 - Planning Institute of Jamaica

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

R E P O R T 2 0 0 5<br />

Lasford Stone (centre) Manager, Multilateral Programmes, <strong>Planning</strong> <strong>Institute</strong> <strong>of</strong> <strong>Jamaica</strong> surveys the area along with (left to right) Patrick<br />

Reid (crouched), Site Engineer, Caribbean Engineering Corporations Ltd., Everette Lagore, National Irrigation Commission Works Engineer<br />

for Hounslow and Norman Cameron, Portfolio Manager, Caribbean Development Bank (CDB), during an evaluation exercise and site visit in<br />

Hounslow, St. Elizabeth on March 9, <strong>2005</strong>. The exercise is part <strong>of</strong> a collaborative process between the National Irrigation Development project<br />

and the Agricultural Support Services project, funded by CDB and the Inter-American Development Bank.<br />

US$16.3 million ($1.0 billion) and Government’s contribution<br />

<strong>of</strong> approximately US$222.2 million ($13.9 billion).<br />

The rescoping <strong>of</strong> projects in the IDB portfolio, aimed<br />

at arriving at a portfolio that was fiscally manageable was<br />

completed. The rescoping <strong>of</strong> the ROSE II and HIV/AIDS<br />

Prevention projects in the World Bank portfolio commenced.<br />

A loan <strong>of</strong> US$54.1 million ($3.3 billion) was approved<br />

by the CDB to finance the construction <strong>of</strong> the Montego<br />

Bay to Greenside section <strong>of</strong> the Northern Coastal<br />

Highway Improvement Project.<br />

Grant resources totalling US$1.95 million ($122.0<br />

million) were approved comprising US$1.3 million<br />

($81.4 million) from the IDB and US$650 000 from the<br />

Japan Policy and Human Resources Development facility,<br />

administered by the World Bank to prepare the Inner<br />

City Basic Services Project. The IDB grant amount<br />

included US$120 000 from the Japan Trust Fund to support<br />

the Trafficking in Person Project.<br />

Portfolio reviews were held with the IDB, CDB,<br />

Project Executing Agencies and Ministry <strong>of</strong> Finance and<br />

<strong>Planning</strong> to determine strategies for improving the rate <strong>of</strong><br />

implementation <strong>of</strong> the existing portfolios. Additionally,<br />

the monitoring and coordinating function <strong>of</strong> the division<br />

was reinforced by continued participation on steering<br />

committees for projects in the portfolios and site visits to<br />

assist in the analysis <strong>of</strong> work in progress. The Division<br />

coordinated the preparation <strong>of</strong> the Country Assistance<br />

Strategies for <strong>Jamaica</strong> with the World Bank, IDB and local<br />

stakeholders.<br />

13

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!