This Technical Cooperation (TC) aims to support the Ministry of Finance and the Public Service (MOFPS) of Jamaica with the integration of climate action in its fiscal policy and management. To achieve this objective, this TC will finance the following actions: (i) the development of a strategic framework for fiscal planning and risk management for climate change; (ii) mainstreaming climate action in public expenditure and investment schemes; (iii) the establishment of a strategic alliance with the Fiscal Research Institute at the University of West Indies to build capacity and generate knowledge for climate-related fiscal policy and management; and (iv) the dissemination of findings, facilitation of intersectoral coordination, and provision of training related to green fiscal policy. By achieving this objective, the TC will contribute to strengthening Jamaica's fiscal planning, risk management, expenditure efficiency, and institutional capacity for sustainable and resilient economic development.
Project Detail
Country
Jamaica
Project Number
JA-T1222
Approval Date
-
Project Status
Preparation
Project Type
Technical Cooperation
Sector
REFORM / MODERNIZATION OF THE STATE
Subsector
FISCAL POLICY FOR SUSTAINABILITY AND GROWTH
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental Classification
-
Total Cost
USD 2,000,000.00
Country Counterpart Financing
USD 0.00
Original Amount Approved
USD 1,000,000.00