The PIOJ is the government’s interface with International Development Partners (IDPs), providing guidance that ensures the alignment of Official Development Assistance (ODA) to the government’s goals as outlined in Vision 2030 Jamaica – National Development Plan and its accompanying MTF 2018–2021. In fulfilling this role, we identify funding sources for proposed development projects; provide guidance in project preparation for externally funded projects; coordinate donor activities; negotiate loans and grants with bilateral and multilateral development partners; and monitor the implementation of projects and programmes financed by International Development Partners.
In 2018, PIOJ had oversight for a combined portfolio of projects and programmes totalling US$2.3 billion (approximately J$298.4 billion), which is funded by loans, grants and technical assistance from multilateral and bilateral agencies, as well as counterpart resources from government.
Newly approved ODA in 2018 totalled US$220.7 million ($28.6 billion), a decrease of 72.0 per cent compared with 2017. This decrease was attributed to (i) a reduction in the size of loans agreed between the Government and the Inter-American Development Bank (IDB) and (ii) negotiation of no new loans from the People’s Republic of China, the main bilateral provider of loan resources. Loan and grant resources totalled US$130.0 million ($16.9 billion) and US$90.7 million ($11.8 billion), respectively.
(See Chart and Table below)
Graph showing approved Official Development Assistance to Jamaica from 2004 to 2018. ODA including loans, grants and technical assistance, ranged from US$196.1 Million in 2004 to US$220.7 Million in 2018.