The Jamaica Social Investment Fund (JSIF) recently announced its highest-ever disbursement for the fiscal year 2024 to 2025, totalling JMD$4.11 billion, signalling a period of high performance in project execution.

According to an announcement made by Managing Director Omar Sweeney, “The JSIF during the fiscal year 2024 to 2025 enjoyed a significant growth by performing at its highest ever by achieving project disbursements valued at 4.11 billion Jamaican dollars.”

He further indicated that this increased disbursement for projects was driven by several factors, including government’s funding allotment, enhanced operational efficiency in executing key projects such as the World-Bank funded REDI II project which surpassed its fiscal allowance, the Government of Jamaica funded, ICDP II as well as the Community Electrification projects, which maintained steady progress throughout the period. This resulted in the achievement of all key project performance deliverables.   Other projects of the JSIF included the Caribbean Development Bank-funded Basic Needs Trust Fund – Cycle 10, the Green Climate Fund Readiness Programme and the Kingston Waterfront Improvement (KIWI) project.

Meanwhile, in addition to high project productivity during the fiscal period, JSIF has strengthened its governance structure with the implementation of crucial policy frameworks.  These policy frameworks include the establishment of an Enterprise Risk Management system, implementation of a legal framework which is in keeping with the Jamaica Data Protection Act, Board approval of the Sexual Harassment Policy as well as implementation of key ethics and integrity measures which are in line with the Integrity Commission’s disclosure guidelines. 

Chairman of the JSIF board, Dr Wayne Henry, posits that with all these measures, JSIF is committed to ensuring that its policy frameworks are in keeping with the requisite Governance structure. “I am confident that JSIF’s Governance capacity will be further strengthened on a continuous basis to reinforce compliance and to promote operational efficiencies so that we can continue to achieve the Government’s national priorities.”

This record-breaking achievement positions JSIF as one of the Government’s leading project management agencies, committed to satisfying the needs of all stakeholders, including its beneficiaries. The Jamaica Social Investment Fund is an Agency of the Government of Jamaica with portfolio responsibilities for executing impactful infrastructure works and social intervention programmes for vulnerable communities across Jamaica for 29 years.