OECS Regional Tourism Competitiveness

Abstract*

The objectives of the OECS Regional Tourism Competitiveness Project for Grenada, St. Lucia, St. Vincent and the Grenadines are to: (i) facilitate the movement of tourists within the participating countries using ferries, (ii) improve selected tourism sites, and (iii) strengthen implementation capacity for regional tourism market development. There are four components to the project, the first component being facilitation of the movement of people... Show More

Development Objective

The project development objective is to increase income at and around improved tourism sites, and strengthen institutional capacity to support the regional recovery from COVID-19.

Key Details

Project Details

Project ID
P152117
Status
Closed
Team Leader
Monica Parra Torrado , Maria Hurtado
Borrower 2
Saint Lucia - Department of Finance, Ministry of Finance Economic Development and Youth Economy,Grenada - Ministry of Finance,St. Vincent and the Grenadines - Ministry of Finance, Economic Planning and Information

Country
OECS Countries
Disclosure Date
February 24, 2015
Approval Date
(as of board presentation)
April 6, 2017
Effective Date
December 23, 2015

Total Project Cost 1
US$ 26.00 million
Implementing Agency
Saint Lucia- Ministry of Tourism, Investment, Creative Industries, Culture,St. Vincent and the Grenadines - Ministry of Finance, Economic Planning and Information,St. Vincent and the Grenadines - Ministry of Tourism, Civil Aviation, Sustainable Development and Cu,Grenada - Ministry of Economic Development, Planning, Tourism, ICT, Creative Economy, Agriculture an
Region
Latin America and Caribbean
Fiscal Year 3
2017

Commitment Amount
US$ 26.00 million
Environmental Category
B
Last Update Date
May 31, 2024
Closing Date
May 31, 2024

Consultant Services required
TBD
Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change5%
- FY17 - Mitigation5%

FY17 - Private Sector Development

FY17 - Regional Integration18%

FY17 - Urban and Rural Development

FY17 - Cultural Heritage80%
FY17 - Rural Development90%
- FY17 - Rural Non-farm Income Generation90%
FY17 - Urban Development18%
- FY17 - Public Transport18%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	6.00
IDA Credit	20.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	6.00
IDA Commitment	20.00
IBRD + IDA Commitment	26.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	26.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Feb 2, 2024	IDA-60000	Int Charges	35,260.50
Feb 2, 2024	IDA-60000	Int Charges	35,260.50
Aug 2, 2024	IDA-60000	Int Charges	923.52
Aug 2, 2024	IDA-60000	Int Charges	923.52
Aug 2, 2024	IDA-60000	Int Charges	62,966.22
Aug 2, 2024	IDA-60000	Int Charges	62,966.22
Mar 15, 2024	IBRD-87340	Int Charges	2,086.01
Mar 15, 2024	IBRD-87340	Int Charges	162,324.05
Mar 15, 2024	IDA-60010	Int Charges	13,933.87
Mar 15, 2024	IDA-60010	Int Charges	13,933.87
May 27, 2024	IDA-60010	Loan Cancel	1,966,948.00
Mar 6, 2024	IBRD-87340	Loan Disb	166,091.64
May 30, 2024	IDA-60010	Loan Cancel	642,518.20
Jun 20, 2024	IBRD-87340	Loan Disb	137,215.55
Aug 5, 2021	IDA-60000	Int Charges	26,119.80
Sep 22, 2021	IDA-60010	Loan Disb	210,000.00
Aug 5, 2021	IDA-60000	Int Charges	26,119.80
Aug 18, 2021	IDA-60000	Loan Disb	1,315,208.40
Sep 15, 2021	IBRD-87340	Int Charges	6,462.82
Sep 15, 2021	IBRD-87340	Int Charges	8,199.72
Sep 15, 2021	IDA-60010	Int Charges	3,447.90
Sep 15, 2021	IDA-60010	Int Charges	3,447.90
Mar 15, 2022	IBRD-87340	Int Charges	6,357.44
Mar 15, 2022	IBRD-87340	Int Charges	7,890.68
Mar 15, 2022	IDA-60010	Int Charges	4,850.64
Mar 15, 2022	IDA-60010	Int Charges	4,850.64
Apr 27, 2022	IDA-60010	Loan Disb	500,000.00
Aug 3, 2022	IDA-60000	Int Charges	35,260.50
Aug 3, 2022	IDA-60000	Int Charges	35,260.50
Feb 3, 2022	IDA-60000	Int Charges	34,397.21
Feb 3, 2022	IDA-60000	Int Charges	34,397.21
Sep 15, 2022	IDA-60010	Int Charges	7,571.57
Sep 15, 2022	IDA-60010	Int Charges	7,571.57
Sep 15, 2022	IBRD-87340	Int Charges	6,462.82
Sep 15, 2022	IBRD-87340	Int Charges	12,388.72
Dec 7, 2022	IBRD-87340	Loan Disb	2,103,748.00
Mar 22, 2023	IBRD-87340	Loan Disb	23,107.80
Mar 22, 2023	IBRD-87340	Loan Disb	-23,107.80
Feb 2, 2023	IDA-60000	Int Charges	35,260.50
Feb 2, 2023	IDA-60000	Int Charges	35,260.50
Mar 15, 2023	IBRD-87340	Int Charges	4,945.33
Mar 15, 2023	IBRD-87340	Int Charges	55,507.15
Mar 30, 2023	IBRD-87340	Loan Disb	657,585.70
Mar 13, 2020	IDA-60000	Loan Disb	243,061.25
Mar 15, 2020	IBRD-87340	Int Charges	5,357.96
Mar 15, 2020	IBRD-87340	Int Charges	7,114.54
Mar 19, 2020	IBRD-87340	Loan Disb	40,335.66
Mar 30, 2020	IDA-60010	Loan Disb	400,000.00
May 1, 2020	IDA-60000	Loan Disb	757,914.94
May 1, 2020	IDA-60000	Loan Disb	554,804.44
Feb 1, 2020	IDA-60000	Int Charges	7,521.00
Feb 1, 2020	IDA-60000	Int Charges	7,521.00
Jun 25, 2020	IBRD-87340	Loan Disb	506,819.90
Jun 19, 2020	IDA-60000	Loan Disb	690,407.20
Sep 15, 2020	IDA-60010	Int Charges	3,216.23
Sep 15, 2020	IDA-60010	Int Charges	3,216.23
Sep 15, 2020	IBRD-87340	Int Charges	6,799.38
Sep 15, 2020	IBRD-87340	Int Charges	7,208.01
Aug 1, 2020	IDA-60000	Int Charges	13,377.80
Aug 1, 2020	IDA-60000	Int Charges	13,377.80
Mar 15, 2021	IDA-60010	Int Charges	3,447.90
Mar 15, 2021	IDA-60010	Int Charges	3,447.90
Nov 24, 2020	IDA-60000	Loan Disb	429,899.44
Mar 15, 2021	IBRD-87340	Int Charges	6,347.09
Mar 15, 2021	IBRD-87340	Int Charges	8,460.59
Feb 3, 2021	IDA-60000	Int Charges	24,244.11
Feb 3, 2021	IDA-60000	Int Charges	24,244.11
Feb 3, 2021	IDA-60000	Int Charges	1,119.61
Feb 3, 2021	IDA-60000	Int Charges	1,119.61
Feb 4, 2019	IDA-60000	Int Charges	2,183.31
Mar 15, 2019	IDA-60010	Int Charges	478.14
Mar 15, 2019	IDA-60010	Int Charges	478.14
Mar 15, 2019	IBRD-87340	Int Charges	11.91
Mar 15, 2019	IBRD-87340	Int Charges	7,254.89
Mar 15, 2019	IBRD-87340	Int Charges	3,140.23
Mar 15, 2019	IBRD-87340	Int Charges	0.79
Jun 7, 2019	IDA-60010	Loan Disb	23,000.00
May 20, 2019	IDA-60000	Loan Disb	474,780.60
Aug 1, 2019	IDA-60000	Int Charges	513.12
Aug 1, 2019	IDA-60000	Int Charges	513.12
Aug 1, 2019	IDA-60000	Int Charges	5,522.82
Aug 1, 2019	IDA-60000	Int Charges	5,522.82
Nov 1, 2019	IBRD-87340	Loan Disb	148,338.98
Sep 15, 2019	IDA-60010	Int Charges	565.18
Sep 15, 2019	IDA-60010	Int Charges	565.18
Sep 15, 2019	IBRD-87340	Int Charges	7,339.34
Sep 15, 2019	IBRD-87340	Int Charges	3,904.06
Dec 10, 2019	IDA-60010	Loan Disb	4,300.00
Mar 15, 2020	IDA-60010	Int Charges	653.80
Mar 15, 2020	IDA-60010	Int Charges	653.80
Mar 15, 2018	IBRD-87340	Int Charges	253.67
Feb 5, 2018	IBRD-87340	Loan Disb	32,141.00
Mar 15, 2018	IDA-60010	Int Charges	220.48
Mar 15, 2018	IDA-60010	Int Charges	220.48
Jan 19, 2018	IDA-60000	Loan Disb	266,632.20
Dec 22, 2017	IDA-60010	Loan Disb	68,800.00
Sep 15, 2018	IBRD-87340	Int Charges	97.14
Sep 15, 2018	IBRD-87340	Int Charges	7,501.43
Sep 15, 2018	IBRD-87340	Int Charges	951.70
Sep 15, 2018	IBRD-87340	Int Charges	8.37
Sep 13, 2018	IBRD-87340	Loan Disb	57,866.31
Aug 10, 2018	IDA-60000	Int Charges	123.54
Aug 10, 2018	IDA-60000	Int Charges	123.54
Aug 10, 2018	IDA-60000	Int Charges	1,853.10
Aug 10, 2018	IDA-60000	Int Charges	1,853.10
Sep 28, 2018	IDA-60000	Loan Disb	69,529.66
Sep 18, 2018	IDA-60010	Int Charges	478.14
Sep 18, 2018	IDA-60010	Int Charges	478.14
Dec 12, 2018	IDA-60000	Loan Disb	271,213.10
Nov 26, 2018	IBRD-87340	Loan Disb	71,397.87
Feb 4, 2019	IDA-60000	Int Charges	2,183.31
Aug 31, 2017	IBRD-87340	Loan Disb	15,000.00
Aug 31, 2017	IBRD-87340	Fee Charges	15,000.00
Mar 15, 2018	IBRD-87340	Int Charges	11,026.27
May 30, 2024	IDA-60010	Loan Disb	-642,518.20
Apr 6, 2017	IDA-60010	Loan Commitment	5,000,000.00
Apr 6, 2017	IBRD-87340	Loan Commitment	6,000,000.00
Apr 6, 2017	IDA-60000	Loan Commitment	15,000,000.00
Mar 15, 2023	IDA-60010	Int Charges	8,382.40
Mar 15, 2023	IDA-60010	Int Charges	8,382.40
Sep 15, 2023	IDA-60010	Int Charges	11,436.54
Sep 15, 2023	IDA-60010	Int Charges	11,436.54
Aug 2, 2023	IDA-60000	Int Charges	35,260.50
Aug 2, 2023	IDA-60000	Int Charges	35,260.50
Sep 15, 2023	IBRD-87340	Int Charges	3,050.32
Sep 15, 2023	IBRD-87340	Int Charges	122,582.31
May 22, 2023	IDA-60010	Loan Disb	700,000.00
Jun 18, 2023	IDA-60000	Loan Cancel	5,000,000.00
Dec 1, 2023	IDA-60010	Loan Disb	170,952.00
Dec 13, 2023	IBRD-87340	Loan Disb	611,063.06
Oct 11, 2023	IBRD-87340	Loan Disb	433,382.97
May 8, 2024	IDA-60010	Loan Disb	956,000.00
Jan 25, 2024	IDA-60000	Loan Disb	3,986,440.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Unsatisfactory	2024-05-29
Project Management	Moderately Satisfactory	2024-05-29
Financial Management	Moderately Satisfactory	2024-05-29
Monitoring and Evaluation	Moderately Satisfactory	2024-05-29
Overall Implementation Progress (IP)	Moderately Satisfactory	2024-05-29
Procurement	Unsatisfactory	2024-05-29

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Increase in tourism spending at and around improved tourism sites Value 0.00 6000000.00 15.00
Date June 30, 2022 July 15, 2021 August 31, 2023
Comment
Enterprises whose sales increase at and around improved tourism sites Value 0.00 0.00 30.00
Date June 30, 2022 December 31, 2021 August 31, 2023
Comment
Female beneficiaries Value 0.00 0.00 15.00
Date May 9, 2016 July 31, 2018 June 30, 2021
Comment
National strategic tourism plans under implementation Value 0.00 1.00 3.00
Date June 30, 2022 May 20, 2024 August 31, 2023
Comment
Regional marketing strategies integrated into national marketing plans Value 0.00 2.00 3.00
Date June 30, 2022 May 20, 2024 August 31, 2023
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Number of pilot sites that have incorporated a beneficiary feedback system Value 0.00 5.00 5.00
Date June 30, 2022 May 23, 2024 August 31, 2023
Comment
Number of sites rehabilitated Value 0.00 5.00 5.00
Date June 30, 2022 May 23, 2024 August 31, 2023
Comment
Number of improved ferry terminals to facilitate tourist arrivals Value 0.00 3.00 3.00
Date June 30, 2022 May 20, 2024 August 31, 2023
Comment
Implemented reforms supporting SMEs Value 0.00 0.00 1.00
Date June 30, 2022 July 30, 2021 August 31, 2023
Comment
Number of tourism related IT platforms upgraded or enhanced Value 0.00 1.00 2.00
Date March 15, 2022 April 26, 2024 August 30, 2023
Comment
National tourism strategies approved Value 0.00 3.00 3.00
Date June 30, 2022 May 23, 2024 August 31, 2023
Comment
Regional marketing strategy approved at the national level Value 0.00 3.00 3.00
Date June 30, 2022 May 20, 2024 August 31, 2023
Comment

Increase in tourism spending at and around improved tourism sites	Value	0.00	6000000.00	15.00
	Date	June 30, 2022	July 15, 2021	August 31, 2023
	Comment

Female beneficiaries	Value	0.00	0.00	15.00
	Date	May 9, 2016	July 31, 2018	June 30, 2021
	Comment

Number of sites rehabilitated	Value	0.00	5.00	5.00
	Date	June 30, 2022	May 23, 2024	August 31, 2023
	Comment

Implemented reforms supporting SMEs	Value	0.00	0.00	1.00
	Date	June 30, 2022	July 30, 2021	August 31, 2023
	Comment

National tourism strategies approved	Value	0.00	3.00	3.00
	Date	June 30, 2022	May 23, 2024	August 31, 2023
	Comment

OECS Regional Tourism Competitiveness

Abstract*

Development Objective

Key Details

Project Details

Sectors

Themes

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Project Map

Finances

Financing Plan (US$ Millions)

Total Project Financing (US$ Millions)

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Detailed Financial Activity as of March 31, 2025

Ratings

IMPLEMENTATION RATINGS

COMPLETION RATINGS

INDEPENDENT EVALUATION RATINGS

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INTERMEDIATE RESULTS INDICATORS