Investment Rating - The report does not explicitly provide an investment rating for the industry. Core Insights - The evaluation assesses the World Bank Group's support to Jamaica from FY 2014 to FY 2025, focusing on macrofiscal stability and public sector resilience, as well as household and community resilience to shocks [2][3]. - Jamaica's economy has faced persistent low growth, averaging 0.8% from 2014 to 2024, below the regional average of 1.3%, due to structural constraints and external shocks [4]. - The report highlights the interconnectedness of Jamaica's weak growth, poverty, and high crime rates, with crime costing the economy approximately 4% of GDP annually [4][5]. - The World Bank Group's engagement aligns with Jamaica's Vision 2030, focusing on empowering citizens, building a prosperous economy, and sustaining a healthy environment [17]. Summary by Sections Evaluation Purpose and Audience - The evaluation aims to inform future Bank Group engagement in Jamaica, particularly for the next Country Partnership Framework expected in FY 2028 [1]. Country Context and Development Challenges - Jamaica's economy is vulnerable to various shocks, including climate-related events, with a high exposure to natural disasters [4]. - The country has implemented macrofiscal reforms since 2013, reducing public debt from 139% of GDP in 2013 to 68% in 2024 [9]. World Bank Group Engagement in Jamaica - The World Bank approved 24 lending operations totaling US$1.1 billion during the evaluation period, with a focus on macrofiscal stability and resilience [31]. - The FY24–27 Country Partnership Framework emphasizes improved human capital, job quality, and resilience to climate shocks [27]. Evaluation Focus Areas - The first focus area evaluates macrofiscal stabilization and public sector resilience, with support for reforms in budget management and disaster risk financing [41]. - The second focus area assesses household and community resilience, emphasizing social protection programs and climate resilience initiatives [50]. Evaluation Questions and Scope - The evaluation will address the relevance, effectiveness, and coherence of the Bank Group's contributions to macrofiscal sustainability and household resilience [58][62].