JAMAICA SOCIAL INVESTMENT FUND PROJECT FINANCIAL STATEMENTS 31 MARCH 2016

Public Disclosure Authorized JAMAICA SOCIAL INVESTMENT FUND Public Disclosure Authorized PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 Public Disclosure Authorized Public Disclosure Authorized

PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 I N D E X Page INDEPENDENT AUDITORS REPORTS On the Project s Financial Statements 1 On System of Internal Control 1.3 On Compliance with the Financial Clauses of Loans, Grants and Project Agreements and with Legislation and Official Regulations 1.5 FINANCIAL STATEMENTS Statement of Sources and Application of Funds 2 Statement of Cumulative Investments 3 Statement of Project Funding Available 4 Notes to the Project Financial Statements 5-31 SUPPLEMENTARY INFORMATION Auditors report on the Project s Supplement Financial Information 32 Statement of Expenditure (SOE) Withdrawals/Justification 33 Statement of Transactions and Availability of Funds 34 Statement of Cash Resources Available 35

Page 2 PROJECT FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2016 STATEMENT OF SOURCES AND APPLICATION OF FUNDS Inception Inception 24 March 1995 During the 24 March 1995 to year ended to 31 March 2015 31 March 2016 31 March 2016 US$ 000 US$ 000 US$ 000 SOURCES OF FINANCE INITIAL FUNDING FUNDING ARRANGEMENTS COMPLETED Grants (Note 3) Government of Japan (JAPAN) 497-497 Government of Netherlands (GON) 2,757-2,757 Department for international Development (DFID) 770-770 Loans (Note 3) International Bank for Reconstruction and Development (IBRD) 20,000-20,000 Inter-American Development Bank (IDB) 9,521-9,521 Organization for Petroleum Exporting Countries' Fund for International Development (OPEC) 2,000-2,000 Contributions (note 3) Government of Jamaica (GOJ) 10,024-10,024 Beneficiaries/Sponsors 1,831-1,831 47,400-47,400 SUBSEQUENT FUNDING (Note 4) FUNDING ARRANGEMENTS COMPLETED Grants Caribbean Development Bank (BNTF 5) 6,171-6,171 Commission of the European Communities (EU PRP1) 3,738-3,738 EU Banana 1,713-1,713 Government of Japan (JAPAN) - Inner City Basic Services (note 5d) 650-650 International Bank for Reconstruction and Development (IBRD) (JAVA) 2,647-2,647 Caribbean Development Bank (BNTF 6) 4,135-4,135 Loans Caribbean Development Bank (CDB) 14,002-14,002 International Bank for Reconstruction and Development (IBRD) National Community Development Project (note 5b) 15,000-15,000 Organisation of Petroleum Exporting Countries (OPEC) - National Community Development Project (note 5e) 5,000-5,000 International Bank for Reconstruction and Development (IBRD) - Hurricane Dean 9,964-9,964 International Bank for Reconstruction and Development (IBRD) - (PHRD2) 472-472 International Bank for Reconstruction and Development (IBRD) GUSTAV 1,994-1,994 Balance carried forward 65,486-65,486

Page 3 JAMAICA SOCIAL INVESTMENT FUND PROJECT FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2016 STATEMENT OF CUMULATIVE INVESTMENTS Subsequent Projects (note 4) (note 3) GOJ CDB PRP 1 NCDP BNTF5 CIP ICBSP OPEC GUSTAV JAVA REDI Beneficiaries Hurricane (see page 3.1) Sub-total Total US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 Project preparation 547 91 - - - - - 948 - - - - - - 472 1,511 2,058 Technical co-operation 689 - - - - - - - - - - - - - - - 689 Poverty reduction programme - 861-3,738 - - - - - - - - - - 20,339 24,938 24,938 Infrastructure improvement project for traditional banana growing communities - - - - - - - - - - - - - - 1,713 1,713 1,713 Project management and support 1. Salaries/administrative expenses 6,706 20,142 - - 837 64 143 1,780 - - - 1,118-1,177 475 25,736 32,442 2. Vehicles and equipment 861 979 - - 73 - - 136 - - - 72 - - 80 1,340 2,201 3. Operating expenses 2,285 10,009 - - 4 55 52 79 - - 61 367-248 534 11,409 13,694 4. Consultants services/technical assistance and training 1,897 893 1,627-806 438 113 254 - - 97 262-225 178 4,893 6,790 Sub-total project management and support 11,749 32,023 1,627-1,720 557 308 2,249 - - 158 1,819-1,650 1,267 43,378 55,127 JSIF Sub-Project 1. Social infrastructure 23,028 7,878 5,532-9,124 5,434 5,378-3,126 1,994 39 2,201 4,967 3,882 10,073 59,628 82,656 2. Economic infrastructure 8,939 8,967 4,973-1,176-2,989-1,371 - - 3,662 1,513 3,836 50 28,537 37,476 3. Social services 876 1,393 102-57 91 78 - - - 734 619 135-1,412 4,621 5,497 4. Organizational strengthening 1,423 687 656-48 74 312 - - - 156 1,674 362 15 370 4,354 5,777 5. Project preparation 63 289 13-41 14 - - - - 6 - - 196 54 613 676 6. Integrated basic service - (1,914) - - - 1-6,158 - - 1,371-2 14-5,632 5,632 7. Community based organization - capacity building - 434 - - - - - 2,330 - - 88-229 - - 3,081 3,081 8. Community based activities - and training - 52 - - - - - 2,048 - - - - 18 - - 2,118 2,118 9. Project management - 352 - - - - 2 1,505 503-85 238-346 - 3,031 3,031 10. Access to services - 344 - - - - - 9,920 - - - - - - - 10,264 10,264 11. Public safety enhancement and capacity building - 289 - - - - - 3,451 - - - - - - - 3,740 3,740 Subtotal JSIF sub-projects 34,329 18,771 11,276-10,446 5,614 8,759 25,412 5,000 1,994 2,479 8,394 7,226 8,289 11,959 125,619 159,948 Community sub-projects - 718 - - 2,684 - - 852 - - - - - - - 4,254 4,254 Financial expenses (Note 9) 86 33 1,099-150 - - 78 - - 10 6-25 - 1,401 1,487 TOTAL INVETSMENTS 47,400 52,497 14,002 3,738 15,000 6,171 9,067 29,539 5,000 1,994 2,647 10,219 7,226 9,964 35,750 202,814 250,214 The accompanying notes form an integral part of the financial statements.

Page 3.1 The accompanying notes form an integral part of the financial statements. PROJECT FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2016 STATEMENT OF CUMULATIVE INVESTMENTS (CONT D) Balance c/f EU BANANA PRP II BNTF 6 PDF PHRD 2 PRP III STEP-UP ICDP BNTF 7 (Page 3) US $ 000 US $ 000 US $ 000 US $ 000 US $ 000 US $ 000 US $ 000 US $ 000 US $ 000 US $ 000 Project preparation - - - - 472 - - - - 472 Technical co-operation - - - - - - - - - - Poverty reduction programme Programme funds Annual work programme - 10,379 - - - 9,960 - - - 20,339 Infrastructure improvement project for traditional banana growing communities 1,713 - - - - - - - - 1,713 Project management and support 1. Salaries/administrative expenses - - 3 188 - - - 192 92 475 2. Vehicles and equipment 80-80 3. Operating expenses - - 6 116 - - 4 391 17 534 4. Consultants services/technical assistance and training - - 81 64 - - - 1 32 178 Sub-total project management and support - - 90 368 - - 4 664 141 1,267 JSIF Sub-projects 1. Social infrastructure - - 3,288 4,285 - - 282 790 1,428 10,073 2. Economic infrastructure - - 15 - - - - - 35 50 3. Social services - - 509 262 - - 4 637-1,412 4. Organizational strengthening - - 192 45 - - 77 35 21 370 5. Project preparation - - 41 13 - - - - - 54 6. Integrated basic service - - - - - - - - - - 7. Community based organization capacity building - - - - - - - - - - 8. Community based activities and training - - - - - - - - - - 9. Project management - - - - - - - - - - 10. Access to services - - - - - - - - - - 11. Public safety enhancement and capacity building - - - - - - - - - - Subtotal-JSIF sub-projects - - 4,045 4,605 - - 363 1,462 1,484 11,959 Community sub-projects Subsequent Projects (note 4) Financial expenses (Note 9) - - - - - - - - - - Total investments 1,713 10,379 4,135 4,973 472 9,960 367 2,126 1,625 35,750

Page 4 PROJECT FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2016 STATEMENT OF PROJECT FUNDING AVAILABLE PROJECT PREPARATION - - - - - - - - - - - 91 (91) - - - - - - 956 865 POVERTY REDUCTION PROGRAMME GOJ Contribution Beneficiaries/Sponsors Annual work programme [Note 6(i)(m)] 1,084 * - - - - 584 ** - - - - 1,668 861 807 - - - - - 6,890 7,697 PROJECT MANAGEMENT AND SUPPORT 2,153 2,778 3,500 1,838 74 72-658 - 185 11,258 32,023 (20,765) - - - - - 18,973 (1,792) JSIF SUB-PROJECTS 2,946 5,277-1,130 1,286 969 1,031 302 500 1,779 15,220 18,771 (3,551) 1,618 595 2,000 4,213 5,687 (1,474) 43,515 38,490 NCDP Community sub-projects - 645 - - - - - - - - 645 718 (73) - - - - - - (104) (177) Other community based sub-project - - - 65 - - - - - - 65-65 - - - - 1,539 (1,539) 1,168 (306) Financial expenses (Note 9) - - - - - - - - - - - 33 (33) - - - - - - 397 364 Total 6,183 8,700 3,500 3,033 1,360 1,625 1,031 960 500 1,964 28,856 52,497 (23,641) 1,618 595 2,000 4,213 7,226 *** (3,013) 71,795 45,141 Total Funding CDB/EU/BNTF NCDP ICBSP CIP BNTF 5 EU Banana BNTF 6 BNTF 7 REDI PRP II, III & IV Total NCDP CIP REDI Allocati Balance b/f Available Allocation Disbursed Balance on Expensed Balance (Page 4.1) as at 31/3/16 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 * GOJ s counterpart contribution to EU grant 1 million ** GOJ s counterpart contribution to EU grant 400,000 *** Beneficiaries/sponsors amount of $5,831 includes additional amounts relating to Memorandum of Understanding on Sub-projects other than those funded by WB, CDB and NCDP. 1. GOJ s counterpart contribution to EU PRP II to IV totaling $1,964 represents agreement amounts of Euro 400,000, 540,000 and 540,000, respectively. The accompanying notes form an integral part of the financial statements.

PROJECT FINANCIAL STATEMENTS Page 4.1 YEAR ENDED 31 MARCH 2016 STATEMENT OF PROJECT FUNDING AVAILABLE (CONT D) LOANS AND GRANTS FUNDING AVAILABLE FROM OTHER DONORS CDB PRP 1 BNTF5 ICBSP OPEC NCDP Balance b/f Balance c/f Allocated Disbursed Balance Allocated Disbursed Balance Allocated Disbursed Balance Allocated Disbursed Balance Allocated Disbursed Balance Allocated Disbursed Balance (Page 4.2) (Page 4) US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 PROJECT PREPARATION - - - - - - - - - 1,300 948 352 - - - - - - 604 956 POVERTY REDUCTION PROGRAMME Annual work programme [note 6(h)] - - - 3,738* 3,738 - - - - - - - - - - - - - 6,890 6,890 PROJECT MANAGEMENT SUPPORT 1,627 1,627 - - - - 22 557 (535) 8,577 2,249 6,328 500 2,982 (2,482) 2,470 1,720 750 14,912 18,973 JSIF SUB-PROJECTS 11,277 11,277 - - - - 6,149 5,614 535 18,200 25,412 (7,212) 4,500 2,018 2,482 9,800 10,446 (646) 48,356 43,515 NCDP Community sub-projects - - - - - - - - - - - - - - - 2,580 2,684 (104) - (104) Other community based sub-project - - - - - - - - - 1,800 852 948 - - - - - - 220 1,168 Financial expenses (Note 9) 1,098 1,098 - - - - - - - 73 78 (5) - - - 150 150-402 397 TOTAL 14,002 14,002-3,738* 3,738-6,171 6,171-29,950 29,539 411 5,000 5,000-15,000 15,000-71,384 71,795 * US$ equivalent of the allocation of 6 million under Commissioner of European Communities Grant, of which only US$3,738,000 was utilized. The accompanying notes form an integral part of the financial statements.

PROJECT FINANCIAL STATEMENTS Page 4.2 YEAR ENDED 31 MARCH 2016 STATEMENT OF PROJECT FUNDING AVAILABLE (CONT D) Hurricane Dean Recovery PHRD 2 LOANS AND GRANTS FUNDING AVAILABLE FROM OTHER DONORS PRP II EU BANANA PRP IV balance b/f balance c/f Allocated Disbursed Balance Allocated Disbursed Balance Allocated Disbursed Balance Allocated Disbursed Balance Allocated Disbursed Balance (Page 4.3) (Page 4.1) US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 PROJECT PREPARATION - - - 455 455 - - - - - - - - - - 604 604 POVERTY REDUCTION PROGRAMME Annual work programme [Note 6(i)(m)] - - - - - - 8,979 * 10,379 (1,400) 1,713 1,713-3,264-3,264 5,026 6,890 PROJECT MANAGEMENT SUPPORT - 1,650 (1,650) 45 45 - - - - - - - 11,645-11,645 4,917 14,912 JSIF SUB-PROJECTS 9,939 8,289 1,650 - - - - - - - - - - - - 46,706 48,356 NCDP Community sub-projects - - - - - - - - - - - - - - - - - Other community based sub-project - - - - - - - - - - - - - - - 220 220 Financial expenses (Note 9) 25 25 - - - - - - - - - - - - - 402 402 TOTAL 9,964 9,964-500 500-8,979 10,379 (1,400) 1,713 1,713-14,909-14,909 57,875 71,384 2 PRP IV US$ equivalent of the allocation of 12 million. * US$ equivalent of the allocation of 6,150,000 The accompanying notes form an integral part of the financial statements.

Page 4.3 JAMAICA SOCIAL INVESTMENT FUND PROJECT FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2016 STATEMENT OF PROJECT FUNDING AVAILABLE (CONT D) LOANS AND GRANTS FUNDING AVAILABLE FROM OTHER DONORS BNTF 06 CIP REDI JAVA GUSTAV Balance b/f Balance c/f Allocated Disbursed Balance Allocated Disbursed Balance Allocated Disbursed Balance Allocated Disbursed Balance Allocated Disbursed Balance (Page 4.4) (Page 4.2) US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 PROJECT PREPARATION - - - - - - - - - - - - - - - 604 604 POVERTY REDUCTION PROGRAMME Annual work programme [Note 6(i)(m)] - - - - - - - - - - - - - - - 5,026 5,026 PROJECT MANAGEMENT SUPPORT 940 90 850 669 308 361 1,930 1,819 111-158 (158) - - - 3,753 4,917 JSIF SUB-PROJECTS 3,837 4,045 (208) 10,173 8,759 1,414 13,032 8,394 4,638 2,647 2,479 168 - - - 40,694 46,706 NCDP Community sub-projects - - - - - - - - - - - - - - - - - Other community based sub-project - - - 220-220 - - - - - - 1,994 1,994 - - 220 Financial expenses (Note 9) - - - 418-418 - 6 (6) - 10 (10) - - - - 402 Total 4,777 4,135 642 11,480 9,067 2,413 14,962 10,219 4,743 2,647 2,647-1,994 1,994-50,077 57,875 The accompanying notes form an integral part of the financial statements.

Page 4.4 JAMAICA SOCIAL INVESTMENT FUND PROJECT FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2016 STATEMENT OF PROJECT FUNDING AVAILABLE (CONT D) LOANS AND GRANTS FUNDING AVAILABLE FROM OTHER DONORS PETROCARIBE (PDF) PRP III STEP-UP BNTF 7 ICDP Balance c/f Allocated Disbursed Balance Allocated Disbursed Balance Allocated Disbursed Balance Allocated Disbursed Balance Allocated Disbursed Balance (Page 4.3) US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 US$ 000 PROJECT PREPARATION - - - - - - - - - 604-604 - - - 604 POVERTY REDUCTION PROGRAMME Annual work programme [Note 6(i)(m)] - - - 14,986* 9,960 5,026 - - - - - - - - - 5,026 PROJECT MANAGEMENT SUPPORT 368 368 - - - - 13 4 9 549 141 408 4,000 664 3,336 3,753 JSIF SUB-PROJECTS 4,605 4,605 - - - - 370 363 7 5,737 1,484 4,253 37,896 1,462 36,434 40,694 NCDP Community sub-projects - - - - - - - - - - - - - - - - Other community based sub-project - - - - - - - - - - - - - - - - Financial expenses (Note 9) - - - - - - - - - - - - - - - - TOTAL 4,973 4,973-14,986 9,960 5,026 383 367 16 6,890 1,625 5,265 41,896 2,126 39,770 50,077 3 PDF - US$ equivalent of the allocation of approximately J$415 million. * US$ equivalent of the allocation of 11,400,000 The accompanying notes form an integral part of the financial statements.

Page 5 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 1. IDENTIFICATION AND BASIS OF PREPARATION OF FINANCIAL STATEMENTS: Jamaica Social Investment Fund (the company) is incorporated in Jamaica under the Companies Act as a company limited by guarantee. The company is the vehicle used to carry out all the activities of the Jamaica Social Investment Fund (JSIF). The registered office of the company is 1C-1F Pawsey Road, Kingston 5, Jamaica, W.I. The Jamaica Social Investment Fund (the Fund) is a temporary, autonomous Government of Jamaica (GOJ) sponsored project designed to assist the Government in its poverty alleviation programme. In order to achieve this, the Fund mobilizes resources from the GOJ, project donors and international lending agencies. The Company is the entity through which the Fund executes several projects and all expenses incurred by the Company are absorbed by the projects. These financial statements are prepared on a cash basis modified to include non-cash contributions received and are expressed in United States dollars (US$), unless otherwise stated. 2. SIGNIFICANT ACCOUNTING POLICIES: (a) Basis of Accounting These financial statements are prepared under the historical cost convention, using the cash basis of accounting, in accordance with the Cash Basis IPSAS: Financial Reporting under the Cash Basis Accounting. Cash basis accounting recognises transactions and acts only when the cash and/or cash equivalent is received or disbursed by the entity, and not when they give rise to, accrue or originate rights or obligations although there was no cash movement. This accounting policy is a comprehensive basis of accounting other than that required under International Financial Reporting Standards (IFRS), under which transactions should be recorded when they occur and not when they are paid. (b) Foreign Currency Translation The company's accounting records are maintained in Jamaican dollars. In order to calculate the equivalent in Jamaican dollars, the cash received in foreign currency in a specific commercial bank account, uses the rate of exchange in effect at the time of receipt of these funds. The exchange rate gain or loss that results from a difference of the exchange rate when the funds are received versus when the funds are converted to a local currency to make payments for eligible expenses are accounted for as an exchange rate differential, which is charged or credited to the local counterpart funds.

Page 6 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 2. SIGNIFICANT ACCOUNTING POLICIES (CONT D): (b) Foreign Currency Translation (cont d) Expenditure incurred in Jamaican dollars is translated to US dollars at the rates of exchange prevailing at the dates of the transactions. 3. INITIAL FUNDING ARRANGEMENTS: A sum of US$547,000 and US$46,853,000 were expended in the initial setting up and project execution, respectively of the Fund. A summary of the sources and applications are as follows: US$'000 Sources Initial setting up: Government of Japan 497 Government of Jamaica 50 Project execution: IBRD 20,000 IDB 9,521 GON 2,757 OPEC 2,000 DFID 770 Beneficiaries/sponsors 1,831 GOJ 9,974 547 46,853 47,400 Applications initial setting up: Consultants' services 325 Vehicles and equipment 94 Operating expenses 128 Project execution: Salaries 6,706 Vehicles and equipment 861 Operating expenses 2,285 Consultants' services/technical assistance and training 1,897 Technical co-operation 689 JSIF sub-projects 34,329 Financial expenses 86 547 46,853 47,400

Page 7 NOTES TO THE PROJECT FINANCIAL STATEMENTS 4. SUBSEQUENT FUNDING ARRANGEMENTS: 31 MARCH 2016 (i) The operations of the project were subsequently financed by the following sources: US$ 000 (a) Caribbean Development Bank (CDB) Loan No. 10/SFR-OR-JAM 14,128 local contributions from the Government of Jamaica 4,307 Beneficiaries/Sponsors 718 19,153 (b) Caribbean Development Bank (CDB) grant No. GA10/JAM, from the Special Funds Resources of the Bank 124.0 Government of Jamaica / Jamaica Social Investment Fund 15.5 139.5 000 (c) Commission of European Communities grant No. 6349/JM from the resources of the European Development Fund, and 6,000 Government of Jamaica/Jamaica Social Investment Fund 1,000 7,000 US$'000 (d) International Bank for Reconstruction and Development (IBRD) Loan No. 7148-JM for the National Community Development Project (NCDP) 15,000 Government of Jamaica 8,700 Beneficiaries/sponsors 900 24,600 (e) Caribbean Development Bank (CDB) Grant No. GA19/JAM administered from resources of CDB and the Canadian International Development Agency CIDA) for the Basic Needs Trust Fund [Fifth Programme (BNTF 5)] 6,171 Government of Jamaica 1,289 7,460 (f) (i) International Bank for Reconstruction and Development (IBRD) Loan No. 4819-JM, for the Inner City Basic Services Project (ICBSP) 29,300 Government of Jamaica 3,500 32,800 (ii) Letter of Agreement No. P4140 - Advance for project preparation of the Inner City Basic Services Project (ICBSP) later incorporated into IBRD Loan Agreement No. 4819-JM [as per note 4 (f)(i)] 650

Page 8 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 4. SUBSEQUENT FUNDING ARRANGEMENTS (CONT D): (i) The operations of the project were subsequently financed by the following sources (cont d): US$ 000 (g) Grant No. TF 054629, administered by International Bank for Reconstruction and Development (IBRD) provided by the Government of Japan for the Inner City Basic Services Project (ICBSP) 650 (h) Organisation of Petroleum Exporting Countries (OPEC) Loan No.1007P for the National Community Development Project (NCDP) 5,000 (i) (j) International Bank for Reconstruction and Development (IBRD) administrated grant No. TF 055128, for Jamaica Catastrophe Insurance Project (JCIP) 800 International Bank for Reconstruction and Development (IBRD) Administered grant No. TF 055129, for OECS Catastrophe Risk Insurance Project (CRIP) 1,000 (k) International Bank for Reconstruction and Development (IBRD) Grant No. TF 090322 to prepare for the second National Community Development Project (NCDP) 500 (l) 000 Grant No. PRP11/9EDF/JM/GC-01 between the Commission of European Communities, the JSIF and representing Planning Institute of Jamaica (PIOJ) for the Implementation of the Poverty Reduction Programme II (PRP II) 6,150 Government of Jamaica/The Jamaica Social Investment Fund 400 6,550 US$ 000 (m) International Bank for Reconstruction and Development (IBRD) Loan No. 4878-JM for Hurricane Dean Emergency Recovery Project 10,000 000 (n) Grant No. B-7 8710/856/32 between the Commission of European Communities, the JSIF and Rural Agricultural Development Authority (RADA) representing Planning Institute of Jamaica for Social and Economic Infrastructure in the traditional banana growing communities of Jamaica. 1,156 Government of Jamaica/The Jamaica Social Investment Fund 289 1,445 US$ 000 (o) Caribbean Development Bank (CDB) Grant No. GA26/JAM for the Basic Needs Trust Fund (Sixth Programme (BNTF 6) 4,777 Government of Jamaica 1,031 5,808

Page 9 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 4. SUBSEQUENT FUNDING ARRANGEMENTS (CONT D): (i) The operations of the project were subsequently financed by the following sources (cont d): US$ 000 (p) International Bank for Reconstruction and Development (IBRD) Grant No. TF 094380 for the Jamaica Violence Action (JAVA) Fund 2,650 (q) Caribbean Development Bank (CDB) Loan No. 19/SFR-JAM for the Community Investment Project (CIP) 12,085 Government of Jamaica 2,428 Beneficiaries/Sponsors 595 15,108 (r) International Bank for Reconstruction and Development (IBRD) Grant No. 7769-JM for the Rural Economic Development Initiative Project (REDI) 15,000 Government of Jamaica 500 Beneficiaries/Sponsors 2,000 17,500 (s) 000 International Bank for Reconstruction and Development (IBRD) Grant No.TF097314 for the Tropical Storm Gustav Emergency Recovery Grant Project (GUSTAV). 1,728 J$000 (t) PetroCaribe Development Fund (PDF) 400,000 000 (u) Grant No.JM/FED/22700 between the Commission of European Communities, the JSIF and representing Planning Institute of Jamaica (PIOJ) for the implementation of the Poverty Reduction Programme III (PRP III) 11,400 Government of Jamaica 540 11,940 US$ 000 (v) Caribbean Development Bank (CDB) Grant No. GA32/JAM for the Basic Needs Trust Fund Seven Programme (BNTF 7) 6,890 Government of Jamaica 960 7,850

Page 10 JAMAICA SOCIAL INVESTMENT FUND NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 4. SUBSEQUENT FUNDING ARRANGEMENTS (CONT D): (i) The operations of the project were subsequently financed by the following sources (cont d): 000 (w) Commission of the European Communities, Grant No. 2013-024/834 between JSIF and the Planning Institute of Jamaica (PIOJ) for the implementation of Poverty Reduction Programme IV (PRP IV) 12,000 Government of Jamaica Contribution 540 12,540 J$ 000 (x) PDF/JSIF Schools Sanitation Project No. 2 between PetroCaribe Development Fund (PDF) and JSIF. 35,000 (y) PDF/JSIF Schools Sanitation Project No. 3 between PetroCaribe Development Fund (PDF) and JSIF. 125,000 US$ 000 (z) Loan No. 8356-JM between the International Bank for Reconstruction and Development (IBRD), and the Government of Jamaica 42,000 (aa) J$ 000 JSIF/JPS Grant Agreement between the Jamaica Public Service Company Limited 13,258 and the Jamaica Social Investment Fund An agreement was extended to include an additional amount 32,318 J$ 000 (ab) Hope Zoo Education Programme Grant Award #2 21,600 (ii) Details of the funding arrangements are as follows: (a) On 26 May 2000, the GOJ entered into a Loan Agreement No.10/SFR-OR-JAM with the Caribbean Development Bank (CDB) to borrow up to US$14.128million. The agreement also provides that GOJ contributes counterpart funding of US$4.307million with Beneficiaries/Sponsors providing an additional $718,000. (b) On 26 May 2000, JSIF entered into a Grant agreement No. GA10/JAM with the Caribbean Development Bank (CDB) to make available up to US$124,000. The GOJ is to provide US$15,500 of counterpart funding.

Page 11 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 4. SUBSEQUENT FUNDING ARRANGEMENTS (CONT D): (ii) Details of the funding arrangements are as follows (cont d): (c) On 11 December 2000, the Government of Jamaica entered into a financing agreement No. 6349/JM with the Commission of the European Communities to make available a grant from the resources of the European Development Fund of 6 million. The GOJ is to contribute 1 million of counterpart funding. (d) On 31 October 2002, the GOJ entered into a Loan Agreement No. 7148-JM with the International Bank for Reconstruction and Development (IBRD) to borrow US$15 million for a National Community Development Project. The GOJ is to provide $8.7 million of counterpart funding with Beneficiaries/Sponsors providing an additional US$900,000. (e) On 16 June 2003, the GOJ and the Fund entered into a Grant Agreement No. GA19/JAM with the Caribbean Development Bank (CDB) to make available by way of a grant an amount not exceeding US$2.867 million under the Basic Needs Trust Fund Fifth programme (BNTF5). The GOJ was to provide US$570,345 of counterpart funding. Subsequently additional amounts were granted under this funding as follows: Date Amounts US$ 27 June 2008 887,773 18 May 2009 1,203,793 2 July 2010 1,212,624 These additional amounts increased the grant under the Basic Needs Trust Fund Fifth Programme (BNTF5) to US$6,171,087. GOJ is to provide a total of US$1,289,381 of counterpart funding. (f) On 24 February 2005, the GOJ entered into a Letter of Agreement No. P4140 with the International Bank for Reconstruction and Development (IBRD) for US$650,000 for project preparation for the Inner City Basic Services Project (ICBSP). On 4 May 2006, the GOJ entered into a Loan Agreement No. 4819-JM with the International Bank for Reconstruction and Development (IBRD) to borrow US$29.3 million for the Inner City Basic Services Project (ICBSP). Letter Agreement No. P4140 has been incorporated in this Loan Agreement as a Project Preparation Advance. The GOJ is to provide US$3.5 million of counterpart funding. (g) On 10 May 2005, the GOJ entered into a Grant Agreement No. TF 054629 with the World Bank in the Capacity of administrator to make available US$650,000 provided by the Government of Japan.

Page 12 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 4. SUBSEQUENT FUNDING ARRANGEMENTS (CONT D): (ii) Details of the funding arrangements are as follows (cont d): (h) The GOJ entered into a Loan Agreement No. 1007P with OPEC to borrow US$5 million for a project aimed at improving the standard of living in Jamaica. (i) On 25 October 2005, the GOJ and IBRD concluded a Grant Agreement No. TF 055128 for the sum of US$800,000 provided by Japan for the purpose of assisting in the financing of the preparation of Jamaica Catastrophe Insurance Project. (j) On 12 January 2006, the Fund entered into an agreement No. TF 055129 for the sum of US$1 million with Antigua and Barbuda, Commonwealth of Dominica, Grenada, St. Kitts and Nevis, St. Lucia and St. Vincent and the Grenadines for the PHRD Grant for preparation of the OECS Catastrophe Risk Insurance Project provided by Japan, administered by the International Bank for Reconstruction and Development (IBRD). (k) On 1 December 2007, the GOJ entered into a grant agreement No. TF 090322 with the International Bank for Reconstruction and Development (IBRD) to make available US$500,000 to prepare for the second National Community Development Project. (l) (m) (n) (o) (p) On 5 December 2007, the Commission of European Communities by way of grant agreement No. PRP11/9EDF/JM/GC-01 between the JSIF and the Planning Institute of Jamaica made available 6.150 million for the implementation of Poverty Reduction Programme II (PRPII). Counterpart funding of 400,000 is to be provided by the GOJ. On 24 December 2008, the Commission of European Communities by way of grant agreement No. B-787101856132 between the JSIF and the Planning Institute of Jamaica (PIOJ) made available 1,156,000 for Social and Economic infrastructure in the traditional banana growing communities. Counterpart funding of 289,000 is to be provided by the GOJ. On 8 January 2009, the GOJ entered into Loan Agreement No. 4878-JM with the International bank for Reconstruction and Development (IBRD) to borrow US$10 million for the Emergency Recovery Project. On 20 April 2009, GOJ and the Jamaica Social Investment Fund (JSIF) entered into a loan agreement No. 19/SFR-JAM with the Caribbean Development Bank (CDB) to borrow US$12.085 million for the Community Investment Project (CIP), The GOJ is to provide US$2.428 million with Beneficiaries/Sponsors providing US$595,000 of counterpart funding. On 14 May 2009, the International Bank for Reconstruction and Development (IRBD) by way of grant agreement No TF094380 between the GOJ and the fund to make available by way of grant an amount not to exceed US$2.650 million for the Jamaica Violence Action (JAVA) Fund.

Page 13 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 4. SUBSEQUENT FUNDING ARRANGEMENTS (CONT D): (ii) Details of the funding arrangements are as follows (cont d): (q) (r) (s) (t) (u) (v) (w) (x) On 3 June 2009, the GOJ entered into a grant agreement No. GA26/JAM with the Caribbean Development Bank (CDB) to make available an amount not exceeding US$4,777,487 under the Basic Needs Trust Fund Sixth Programme (BNTF6). The GOJ is to contribute US$1,031,477 of counterpart funding. On 2 November 2009, the GOJ and the Fund entered into a loan agreement No. 7769-JM with the International Bank for Reconstruction and Development (IBRD) to borrow US$15 million for the Rural Economic Development Initiative project (REDI). On 5 October 2010, the GOJ entered into a Grant Agreement No TF097314 with IBRD to make available an amount of 1,728,585 to support levels of services in selected community infrastructure at a minimum to pre-tropical Storm GUSTAV level. On 2 August 2011 a MOU and a Supplemental MOU on 1 May 2012 between JSIF and Petrocaribe Development Fund was signed to administer and implement projects that are consistent with Vision 2030 Jamaica and the Government s Community Renewal Programme. The amounts administered under this MOU are disbursed to JSIF based on the recommendations of the Petrocaribe Loans and Investment Committee. On 1 August 2012, the Commission of European Communities by way of a grant agreement No. JM/FED/22700 between JSIF and the Planning Institute of Jamaica (PIOJ) made available 11,400,000.00 for the implementation of the Poverty Reduction Programme III (PRP III). Grant agreement GA32/JAM between GOJ and CDB dated 12 February 2013 for funds totaling US$6,890,058 for the enhancement of social and economic infrastructure, social services and organizational strengthening activities for the poor and rural communities. The agreement expires 31 December 2016. Grant agreement 2013-024/834 between JSIF, the Planning Institute of Jamaica (PIOJ) and the Commission of the European Communities for 12,540,000 of which 540,000 is to be contributed by the Government of Jamaica (GOJ). The Project implementation period is May 2013 to May 2016. PDF/JSIF Schools Sanitation Project No. 2 and No. 3 grant agreements dated 22 April 2014 and 8 September 2014 in the amount of J$35 Million and J$125 Million, respectively. The grant projects were awarded in accordance with the existing Memorandum of Understanding between the PCDF and JSIF. The agreements were established with an implementation period of twelve months and were subsequently extended for an additional twenty and fifteen months respectively.

Page 14 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 4. SUBSEQUENT FUNDING ARRANGEMENTS (CONT D): (ii) Details of the funding arrangements are as follows (cont d): (y) (z) Loan agreement No. 8356-JM dated 6 May 2014 between the Government of Jamaica and IBRD in the amount of US$42 Million for the financing of activities under the Jamaica Integrated Community Development Project (ICDP). The objective of this project is to enhance access to basic urban infrastructure and services, and contribute towards increased community safety in selected economically vulnerable and socially volatile inner city communities in Jamaica. The agreement has a closing date of 1 May 2020. JSIF/JPS Step-Up grant agreement dated 18 November 2014 in the amount of J$13,257,800 (The agreement was extended to include an additional amount of J$32,318,373.40). The purpose of this agreement is to reduce non-technical losses in the electricity provision sector (electricity theft) in areas identified by the Jamaica Public Service Company Limited (JPS) as red zones. The agreement was established with an implementation period of twelve months. (aa) Hope Zoo Education Programme Grant Award No. 2 dated January 8, 2016. The intended use of the grant is to expose approximately 6,000 children and youth with guided tours and audio-visual presentations to animal and wildlife, flora and fauna at the Zoo. The project is funded by the Petrocaribe Development Fund (PCDF). The amount of contributions by the beneficiaries and sponsors of sub-projects depend on the type of sub-project, the resources available from the sponsoring agency and the income level of the beneficiary community. These contributions would mainly be in the form of donated labour, local materials, project preparation and supervision services.

Page 15 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 5. LOANS - SUBSEQUENT TO INITIAL PROJECT: The expenditures to be financed by loans along with loan repayment terms are stated below. Contributions by Beneficiaries/Sponsors have not been taken into account in calculating the percentages of expenditure to be financed by the respective loans. (a) Caribbean Development Bank (CDB) 10/SFR-OR-JAM: The loan is available for financing JSIF sub-projects aimed at poverty reduction and the institutional strengthening of the Fund. Allocation of Loan Funds US$ 000 Category: Sub-project funding Social Infrastructure 5,304 Economic Infrastructure 3,977 Social Services 1,200 Organizational strengthening 1,008 11,489 Institutional Support Consultants' fees 1,540 Interest 994 Commitment fees 105 1,099 The loan is divided into two portions: 14,128 (i) US$7.123 million payable in eighty quarterly installments commencing ten years after the date of the first disbursement. (ii) US$7.005 million payable in sixty eight quarterly installments commencing five years after the date of the first disbursement. The disbursement period of the loan which expired on 31 March 2003, was extended to 31 December 2006.

Page 16 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 5. LOANS - SUBSEQUENT TO INITIAL PROJECT (CONT D): (b) International Bank for Reconstruction and Development (IBRD) No. 7148-JM: The loan is available for financing the National Community Development Project (NCDP). Allocation of % of expenditure Category Loan funds to be financed by loan US$ 000 Goods, works, consultants' services and training (i) Under JSIF sub-projects 6,800 100 (ii) Under other JSIF sub-projects 3,000 100 Goods and/or works. Under community sub-projects 2,580 100 Goods other 300 85 Consultants' services 420 80 Administrative and operational costs 1,500 65 Training 250 85 Front-end fee 150-15,000 The closing date of the loan is 30 June 2008. The loan is repayable in semi-annual installments beginning 15 February 2008, through 15 February 2019, and the final installment due on 15 August 2019. (c) International Bank for Reconstruction and Development (IBRD) No. 4819-JM: The loan is available for financing the Inner City Basic Services Project (ICBSP). Allocation of % of expenditure Category Loan funds to be financed by loan US$ 000 Goods, works, consultants' services and training under community-based infrastructure 18,200 100 Community-based sub-projects 1,800 100 Consultants' services 5,150 100 Balance carried forward 25,150

Page 17 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 5. LOANS - SUBSEQUENT TO INITIAL PROJECT (CONT D): (c) International Bank for Reconstruction and Development (IBRD) -No. 4819-JM (cont d): Allocation of % of expenditure Category Loan funds to be financed by loan US$ 000 Balance brought forward 25,150 Goods and consultants' services and Training (i) For land tenure regularization 600 100 (ii) For public safety enhancement 2,827 60 Project preparation advance 650 - Front-end fee 73-4,150 29,300 GOJ is to contribute the amount of US$3,500,000 of budgeted cost of the project. The closing date of the loan is 31 December 2011. The loan is repayable in semi-annual installments beginning 15 February 2011, through 15 August 2022, and the final installment due on 15 February 2023. (d) International Bank for Reconstruction and Development (IBRD) Letter Agreement-No. P4140: The advance (subsequently incorporated in IBRD Loan Agreement No. 4819-JM) is for the preparation of Inner City Basic Services Project (ICBSP). Allocation of % of expenditure Category Loan funds to be financed by loan US$ 000 Goods 12 100 Consultants services 632 100 Operating costs 6 100 650

Page 18 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 5. LOANS - SUBSEQUENT TO INITIAL PROJECT (CONT D): (e) The Organization of Petroleum Exporting Countries (OPEC) Fund for International Development-No.1007P: The loan is available for financing the National Community Development Project (NCDP). Allocation of % of expenditure Category Loan funds to be financed by loan US$ 000 (i) JSIF and Community Projects: Sub-projects Social Infrastructure 3,375 100 Economic Infrastructure 1,125 100 (ii) Technical Assistance and Institutional strengthening - - (iii) Project Administration 500 100 The closing date of the loan is 30 June 2009. 5,000 The loan is repayable semi-annually beginning 15 May 2010, through 15 May 2024, with the final installment due 15 November 2024. (f) International Bank for Reconstruction and Development (IBRD) -No. 4878 JM: The loan is available for the Hurricane Dean Emergency Recovery Project. Allocation of % of expenditure Category Loan funds to be financed by loan US$ 000 Goods, works, consultants' services, non-consultants services, training and operating costs 8,915 100 Project preparation advance 1,060 100 Front-end fee 25 100 10,000

Page 19 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 5. LOANS - SUBSEQUENT TO INITIAL PROJECT (CONT D): (f) International Bank for Reconstruction and Development (IBRD) -No. 4878 JM (cont d): The closing date of the loan is 30 June 2012. The loan is payable in semi-annual installments beginning 15 April 2013, and the final installment due on 15 October 2024. (g) International Bank for Reconstruction and Development (IBRD) No.7769-JM): The loan is available for the Rural Economic Development Initiative Project (REDI). Allocation of % of expenditure Category Loan funds to be financed by loan US$ 000 Component 1 - Goods, works, training/ workshops, consultants services, and operating costs 12,183 100 Component 2 - Goods, works, training/ workshops, consultants services, and operating costs 1,250 100 Component 3 - Goods, works, training/ workshops, consultants services, and operating costs 1,530 100 Front-end fee 37 100 15,000 The closing date of the loan is 31 July 2016. By correspondence dated 6 July 2016 to the IBRD the GOJ formally requested an extension of twelve months to complete outstanding activities. The loan is payable in semi-annual installments beginning 15 August 2015 and the final installment due on 15 August 2039. During the year an approved reallocation of loan funds was received reducing Component II to USD 850,000 and increasing Component III to USD 1,930,000.

Page 20 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 5. LOANS - SUBSEQUENT TO INITIAL PROJECT (CONT D): (h) Caribbean Development Bank (CDB) No. 19/SFR-JAM: The loan is available for the Community Investment Project (CIP). Allocation of % of expenditure Category Loan funds to be financed by loan US$ 000 Sub-project 10,707 95 Administrative Fees 500 100 Mid Term Evaluation 40 80 Training 110 80 650 Technical Assistance 60 82 Bridge Jamaica Pilot Project 250 88 310 Interest during Implementation 418 100 12,085 The closing date of the loan is 31 March 2013, however an extension for the Terminal Date was granted to 31 March 2015, pursuant to Article IV, Section 4:03 of Schedule 1. The loan is payable in 80 equal or approximately equal and consecutive quarterly installments on each due date commencing on the first due date after the expiring of 10 years following the date of the first disbursement of the loan or on such later date as the bank may specify in writing. (i) Interest and Commitment Fees: Interest and fees, paid directly by the Government of Jamaica, relating to loans are not reflected in these financial statements. (j) Repayment: Repayment of the loans is the responsibility of the Government of Jamaica.

Page 21 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 5. LOANS - SUBSEQUENT TO INITIAL PROJECT (CONT D): (k) International Bank for Reconstruction and Development Loan No. 8356-JM is available for the financing the Integrated Community Development Project (ICDP) to be administered as follows: Category Allocation of Expenditure US$ 000 % of Expenditure to be Financed by the Loan Goods, works, non-consulting services, consultants' services and Operating costs 41,430 100 Goods to serve as Results based Incentives for NSWMA 286 100 Salary Supplement and goods and/or works under Subprojects to serve as Results Based Incentives for Environmental Wardens and Community Based Organizations respectively 179 100 Front End Fee The agreement has a closing date of 1 May 2020.. 105-42,000 6. GRANTS - SUBSEQUENT TO INITIAL PROJECT: The expenditures to be financed by the grants are stated below. Contributions by Beneficiaries/Sponsors have not been taken into account in calculating the percentages of expenditures to be financed by the respective grants. (a) Caribbean Development Bank (CDB) - No.GA10/JAM: The grant is available for funding the cost of consultants' services as follows: Allocation of Grant funds US$ 000 % of estimated Budget to be financed by grant Non-governmental organization (NGO) consultants 26 88 Impact evaluation consultants 98 90 124

Page 22 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 6. GRANTS - SUBSEQUENT TO INITIAL PROJECT (CONT D): (a) Caribbean Development Bank (CDB) - No.GA10/JAM (cont d): JSIF and GOJ are to contribute the balance of budgeted cost of the consultants. The disbursement period of the grant which expired on 28 February 2002, was extended to 31 July 2006. (b) Commission of the European Communities No.6349/JM: The grant is available for financing community driven projects and related activities in the government's Poverty Reduction Programme (PRP). The expenditures to be financed are allocated as follows: 000 Capital fund 4,400 Programme funds 750 Project management 550 Evaluation and audit 100 Contingencies 200 6,000 The project is to be completed by 31 December 2005, with the final disbursement from the Capital Fund by that date. The disbursement period for the grant was extended to 30 June 2006. Separate financial statements will be prepared for this grant. (c) Caribbean Development Bank (CDB) No. GA19/JAM (BNTF5): The grant is available for funding the Basic Needs Trust Fund Fifth Programme (BNTF 5) as follows: % of estimated Component Allocation of Budget to be financed Grant funds by grant US$ 000 Country project Large sub-projects 6,108 80 Skill Training/Capacity Building training/capacity building 339 80 Technical Services and Environmental Assessments 992 100 Balance carried forward 7,439

Page 23 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 6. GRANTS - SUBSEQUENT TO INITIAL PROJECT (CONT D): (c) Caribbean Development Bank (CDB) No. GA19/JAM (BNTF 5) (cont d): % of estimated Component Allocation of Budget to be financed Grant funds by grant US$ 000 Balance brought forward: 7,439 Administration Local Institutional Strengthening 3 100 MIS Cost 18 100 Public Relations 21 7,460 GOJ is to contribute the amount of US$1,289,381 of the budgeted cost of the project. The disbursement period of the grant, which expired 30 June 2010, was extended to 30 June 2012. (d) International Bank for Reconstruction and Development (IBRD) - Grant Agreement No. TF054629 for Preparation of the Inner City Basic Services Project (ICBSP). The Grant is made available by the Government of Japan for preparation of the Inner City Basic Services Project (ICBSP) as follows: % of estimated Category Allocation of Budget to be financed Grant funds by grant US$ 000 Consultant services 641 100 Goods, Training and Incremental Operating Costs 9 100 650

Page 24 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 6. GRANTS - SUBSEQUENT TO INITIAL PROJECT (CONT D): (e) Subsidiary Grant agreement under Letter Agreement for IBRD Grant No. TF055128: The grant is available for funding the Preparation of Jamaica Catastrophe Insurance. % of estimated Allocation of Budget to be financed Category Grant funds by grant US$ 000 Consultant Services 740 100 Goods, training and incremental operating costs 60 100 800 (f) IBRD Grant No. TF055129 for Preparation of OECS Catastrophe: The grant is available for funding the OECS Catastrophe Risk Insurance Project as follows: % of estimated Category Allocation of Budget to be financed Grant funds by grant US$ 000 Consultant Services 900 100 Goods, Training and Incremental Operating Costs 100 100 1,000 (g) IBRD Grant No. TF 090322 to prepare the second National Community Development Project (NCDP) as follows: % of estimated Allocation of Budget to be financed Category Grant funds by grant US$ 000 Consultants' Services 455 100 Goods, Training and Operation 45 100 500

Page 25 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 6. GRANTS - SUBSEQUENT TO INITIAL PROJECT (CONT D): (h) Caribbean Development Bank (CDB) No.GA26/JM (BNTF 6): The grant is available for funding the Basic Needs Trust Funds Sixth Programme (BNTF 6) as follows: % expenditure to be Allocation of financed) Category Grant funds (inclusive of taxes) US$ 000 Large sub-project 3,765 80 Small sub-project 1,031 80 Skill training 361 80 5,157 Technical Services 480 100 Administrative Local institutional strengthening BNTF staff 151 100 Public Relation 20 100 171 5,808 The closing date of the grant was 31 December 2013, however an extension for the Terminal Date was granted to 31 December 2014, pursuant to Article IV, Section 4:03 of Schedule 1.

Page 26 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 6. GRANTS - SUBSEQUENT TO INITIAL PROJECT (CONT D): (i) European Community Grant No. PRP II/9EDF/JM/GC-01 for the implementation of the Poverty Reduction Programme II (PRP II) as follows: Allocation of Grant Funds EUR 000 Category EU GOJ/JSIF Human resource 934 - Travel - 18 Equipment and supplies 28 12 Vehicle 25 - Local office - 62 Other costs/services 144-1,131 92 Sub-project interventions Civil works 4,758 305 Social services 42 3 5,931 400 Contingencies 219-6,150 400 (j) IBRD Grant No. TF097314 to support levels of services in selected community infrastructure at a minimum to pre- Tropical Storm GUSTAV levels: Category Allocation % of estimate of funds to be financed (US$ 000) by Grant Goods, works, Consultants services, training and operating costs 1,728 100

Page 27 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 6. GRANTS - SUBSEQUENT TO INITIAL PROJECT (CONT D): (k) IBRD Grant No. TF094380 to support projects aimed at the reduction of crime and violence in selected communities: The expenditures to be financed are allocated as follows: US$ 000 Crime and violence information system and targeted violence prevention 850 Jamaica Violence Action (JAVA) fund conflict resolution and social programme 1,600 Technical assistance for grant management communication, monitoring and evaluation 200 (l) Caribbean Development Bank (CDB) Grant No. GA32/JAM (BNTF 7): 2,650 Category Allocation of Grant Funds US$'000 % of expenditure to be financed by grant % of expenditure to be financed by GOJ Sub-projects 6,039 95 5 Project Management Support 906 30 70 Institutional Development 60 100 - Monitoring & Evaluation 241 90 10 7,246 Implementation Support 604 100-7,850 GOJ is to contribute an amount of US$960,139 of the budgeted cost of the project. The disbursement period of the grant will expire on 31 December 2016.

Page 28 NOTES TO THE PROJECT FINANCIAL STATEMENTS 31 MARCH 2016 6. GRANTS - SUBSEQUENT TO INITIAL PROJECT (CONT D): (m) European Community Grant No. (PRP III) JM/FED/22700 for the implementation of the Poverty Reduction Programme III (PRP III) as follows: Allocation of Grant Funds EUR 000 Category EU GOJ/JSIF Human resource 698 - Travel 2 - Equipment and supplies 25 - Vehicle 19 - Local office 3 20 Other costs/services 43 -. 790 20 Sub-project interventions Civil works 6,200 460 Social services 3,130 60 9,330 520 Technical Assistance 300 - Monitoring and Evaluation 230 - Communication/visibility 150 - Contingencies 600 -. The project implementation period is May 2013 to May 2016. 1,280 -. 11,400 540