OFFICIAL L p I DOCUMENTS STATUTORY COMMITTEE REPORT TO: The President, International Bank for Reconstruction and Development Report of Committee under Section 4 (iii) of Article III of the Articles of Agreement on the Proposed Loan (Youth Employment in the Digital and Animation Industries Project) to Jamaica. The undersigned Committee constituted under Section 7 of Article V of the Articles of Agreement of International Bank for Reconstruction and Development (the Bank) hereby submits its report pursuant to Section 4 (iii) of Article III of said Articles in respect of the proposal that the Bank grant to Jamaica (the Borrower) a loan in an amount of $20,000,000. The purpose of said loan is to support youth employment in the digital and animation industries in the Borrower's territory. 1. The Committee has carefully studied the merits of the proposal to grant such a loan, and of the purpose to which the proceeds of the loan are to be applied. 2. The Committee is of the opinion that the Project in support of which the proceeds of such loan are to be applied comes within the purposes of the Bank as set forth in Article I of said Articles of Agreement, and that said Project is designed to promote the development of the productive facilities and resources of Jamaica and is in the interest of Jamaica and of the members of the Bank as a whole. -2- JAMAICA (Youth Employment in the Digital and Animation Industries Project) 3. Accordingly, the Committee finds that said Project merits financial assistance from the Bank, and hereby recommends said Project for such assistance. COMMITTEE Senior Vice President and Group General Counsel .Exp Selected by Governor for w Jamaica e onal Vice President Latin Am rica and the Caribbean Dated at Washington, D.C. GS,c0/