IDB gives Jamaica US$1.6 million

WASHINGTON DC, United States, May 29, 2008 – The Inter-American Development Bank (IDB) has approved a technical cooperation for US$1.6 million that will assist the government of Jamaica in the implementation of its medium term action plan to improve performance management, monitoring and evaluation capacity of the public sector.

“The IDB is committed to improve development effectiveness in its member states,” said IDB team leader Gonzalo Afcha.

“With the implementation of this medium term action plan, Jamaican authorities expect government interventions and activities to be better-prioritized, more focused on the objectives of modernisation and better communicated. In addition accountability mechanisms will be enhanced to better monitor and evaluate government institutional performance.”

The funds will help improve efficiency and effectiveness in the utilisation of public resources by completing the process of adoption of modern financial and planning systems; and enhance accountability for the production of results.

The Jamaica government will contribute the equivalent of US$160,000 as counterpart funds.