| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 150.00 |
Public Finance and Social Sector Development Policy Loan
Abstract*
The objective of the Public Finance and Social Sector Development Policy Loan Program for Dominican Republic (DR) is to improve the quality and efficiency of public spending, especially for poverty reduction and human development. The DR is a middle income country on the eastern part of the Caribbean island of Hispaniola, which it shares with Haiti. With a population of 9.8 million and a land area of 48,700 sq km, it is on both dimensions the second... Show More
Development Objective
1. Improvement of the quality and efficiency of public spending, especially for poverty reduction and human development.
a. Improvement of institutions for budgeting and expenditure management.
b. Improvement of quality of health sector spending.
c. Improvement of targeting of spending intended for the poor.
2. Mitigation of the impact of the ongoing global economic crisis on the DR's public finances and reduction of vulnerability to future shocks.
i. Reduction of outlays for inefficient subsidies.
11. Improvement of cost recovery in the energy sector.
a. Control of spending
b. Improvement in the transparency of tax policies.
c. Improvement of effectiveness of revenue collection by domestic and
customs authorities.
Key Details
Project Details
P115145
Closed
Elizabeth Ruppert Bulmer
N/A
October 8, 2009
(as of board presentation)
November 17, 2009
December 1, 2009
US$ 150.00 million
N/A
2010
US$ 150.00 million
N/A
Not Applicable
December 31, 2010
BANK APPROVED
August 16, 2023
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 150.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 150.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 150.00 |
Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Nov 15, 2015 | IBRD-77790 | Int Charges | 3,967,500.00 |
| May 15, 2016 | IBRD-77790 | Int Charges | 3,967,500.00 |
| Nov 15, 2014 | IBRD-77790 | Int Charges | 3,967,500.00 |
| Nov 15, 2013 | IBRD-77790 | Int Charges | 3,967,500.00 |
| May 15, 2014 | IBRD-77790 | Int Charges | 3,967,500.00 |
| May 15, 2024 | IBRD-77790 | Int Charges | 3,174,793.50 |
| May 15, 2024 | IBRD-77790 | Loan Repay | 9,990,000.00 |
| Nov 17, 2009 | IBRD-77790 | Loan Commitment | 150,000,000.00 |
| May 15, 2023 | IBRD-77790 | Int Charges | 3,703,264.50 |
| May 15, 2023 | IBRD-77790 | Loan Repay | 9,990,000.00 |
| Nov 15, 2023 | IBRD-77790 | Loan Repay | 9,990,000.00 |
| Nov 15, 2023 | IBRD-77790 | Int Charges | 3,439,029.00 |
| Nov 15, 2021 | IBRD-77790 | Int Charges | 3,967,500.00 |
| Nov 15, 2022 | IBRD-77790 | Int Charges | 3,967,500.00 |
| Nov 15, 2022 | IBRD-77790 | Loan Repay | 6,022,500.00 |
| Nov 15, 2022 | IBRD-77790 | Loan Repay | 3,967,500.00 |
| May 15, 2021 | IBRD-77790 | Int Charges | 3,967,500.00 |
| Nov 15, 2020 | IBRD-77790 | Int Charges | 3,967,500.00 |
| May 15, 2022 | IBRD-77790 | Int Charges | 3,967,500.00 |
| Nov 15, 2019 | IBRD-77790 | Int Charges | 3,967,500.00 |
| May 15, 2020 | IBRD-77790 | Int Charges | 3,967,500.00 |
| Nov 15, 2018 | IBRD-77790 | Int Charges | 3,967,500.00 |
| May 15, 2018 | IBRD-77790 | Int Charges | 3,967,500.00 |
| May 15, 2019 | IBRD-77790 | Int Charges | 3,967,500.00 |
| Nov 15, 2016 | IBRD-77790 | Int Charges | 3,967,500.00 |
| May 15, 2017 | IBRD-77790 | Int Charges | 3,967,500.00 |
| Nov 15, 2017 | IBRD-77790 | Int Charges | 3,967,500.00 |
| May 15, 2015 | IBRD-77790 | Int Charges | 3,967,500.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Monitoring and Evaluation | Moderately Satisfactory | 2011-02-26 |
| Progress towards achievement of PDO | Satisfactory | 2011-02-26 |
| Overall Implementation Progress (IP) | Satisfactory | 2011-02-26 |
| Program Management | Satisfactory | 2011-02-26 |
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-24-2011 |
|---|---|
| Outcomes | Moderately Satisfactory |
| Risk to Development Outcome | Substantial |
| Bank Performance | Moderately Satisfactory |
| Borrower Performance | Moderately Satisfactory |
| Government Performance | Not Applicable |
| Implementing Agency | Not Applicable |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 10-24-2011 | PROJECT PERFORMANCE ASSESSMENT REPORT: 06-27-2013 |
|---|---|---|
| Outcome Rating | Moderately Satisfactory | Moderately Satisfactory |
| Risk To Development Outcome | Significant | Significant |
| Bank Performance | Moderately Satisfactory | Moderately Satisfactory |
| Borrower Performance | Moderately Satisfactory | Moderately Satisfactory |
| Government Performance | Moderately Satisfactory | Moderately Satisfactory |
| Implementing Agency | Moderately Satisfactory | Not Rated |
| Icr Quality | Satisfactory | Not Rated |
| M&e Quality | Substantial | Modest |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Public Debt Ratio Value 36.90 35.70 40.00 Date December 31, 2009 December 31, 2010 December 31, 2010 Comment Excluding BCRD recapitalization bonds.Excluding BCRD recapitalization bonds Elimination of electricity subsidy via the PRA mechanism Value about 140,000 close to 0 0 Date December 31, 2009 December 31, 2010 December 31, 2010 Comment figures are expressed in number of households and not individuals (average hh size in DR is: 4.5) Number of entitled beneficiaries of CCT will be close to number of PRA beneficiaries Value 0.00 140000.00 100000.00 Date December 31, 2009 December 31, 2010 December 31, 2010 Comment figures are expressed in number of households and not individuals (average hh size in DR is: 4.5) "Fiscal sustainability is improved through a strategy to rationalize and restrain tax exemptions and improve tax administration" Value No strategy Strategy available Strategy available Date December 31, 2009 December 31, 2010 December 31, 2010 Comment Strategy was published on website of Min of Finance and was acknowledged in the review of the IMF SBA program "Transfers from the Ministry of Finance to the CDEEE to cover the electricity sector deficit (% of GDP)" Value 1.40 1.20 0.80 Date December 31, 2009 December 31, 2010 December 31, 2010 Comment the 1.2 is an estimate the final value is not available yet;