Grenada First Programmatic Resilience Building DPC

Abstract*

The development objective of the First Programmatic Resilience Building Development Policy Credit (DPC) Program Project for Grenada is to support the Government of Grenada (GoG) to implement a program of policy and institutional reforms to: (i) create conditions for private investment in a sustainable manner, (ii) support improved public sector management and better targeting of social safety net programs, (iii) enhance resilience against natural... Show More

Development Objective

The Program Development Objective of the proposed DPC/DPL series is to support Grenada in implementing a program of policy and institutional reforms to: (i) create conditions for private investment in a sustainable manner; (ii) support improved public resourcemanagement; and (iii) enhance resilience against natural disasters and key elements of resilience in the banking sector.

Key Details

Project Details

Project ID
P147152
Status
Closed
Team Leader
Rei Odawara
Borrower 2
Ministry of Finance, Planning, Economic Development, Trade, Energy & Cooperatives

Country
Grenada
Disclosure Date
June 30, 2014
Approval Date
(as of board presentation)
June 30, 2014
Effective Date
July 9, 2014

Total Project Cost 1
US$ 15.00 million
Implementing Agency
Ministry of Finance of Grenada
Region
Latin America and Caribbean
Fiscal Year 3
2014

Commitment Amount
US$ 15.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
June 29, 2015

Last Stage Reached
BANK APPROVED
Last Update Date
August 16, 2023

Associated Projects
P156761
P151821

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 - Economic Policy

FY17 - Trade14%
- FY17 - Trade Facilitation14%

FY17 - Environment and Natural Resource Management

FY17 - Climate change28%
- FY17 - Adaptation28%

FY17 - Finance

FY17 - Finance for Development7%
- FY17 - Disaster Risk Finance7%

FY17 - Private Sector Development

FY17 - Business Enabling Environment28%
- FY17 - Investment and Business Climate28%
FY17 - Jobs100%

FY17 - Public Sector Management

FY17 - Public Administration14%
- FY17 - Administrative and Civil Service Reform14%

FY17 - Social Development and Protection

FY17 - Social Protection14%
- FY17 - Social protection delivery systems14%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management21%
- FY17 - Disaster Preparedness7%
- FY17 - Disaster Response and Recovery7%
- FY17 - Disaster Risk Reduction7%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	15.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	15.00
IBRD + IDA Commitment	15.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	15.00

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

No data available.

Detailed Financial Activity as of July 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
May 1, 2020	IDA-55230	Int Charges	49,807.56
Jul 14, 2014	IDA-55230	Loan Disb	14,991,447.00
Nov 12, 2014	IDA-55230	Int Charges	31,738.55
Nov 12, 2014	IDA-55230	Int Charges	31,738.55
May 5, 2015	IDA-55230	Int Charges	49,804.63
May 5, 2015	IDA-55230	Int Charges	49,804.63
May 1, 2015	IDA-55230	Int Charges	1,093.27
May 1, 2015	IDA-55230	Int Charges	1,093.27
Nov 1, 2016	IDA-55230	Int Charges	1,244.94
Nov 1, 2016	IDA-55230	Int Charges	1,244.94
Nov 1, 2016	IDA-55230	Int Charges	50,113.84
Nov 1, 2016	IDA-55230	Int Charges	50,113.84
May 1, 2016	IDA-55230	Int Charges	399.77
May 1, 2016	IDA-55230	Int Charges	399.77
May 1, 2016	IDA-55230	Int Charges	49,874.85
May 1, 2016	IDA-55230	Int Charges	49,874.85
Nov 1, 2015	IDA-55230	Int Charges	295.93
Nov 1, 2015	IDA-55230	Int Charges	295.93
Nov 1, 2015	IDA-55230	Int Charges	50,515.22
Nov 1, 2015	IDA-55230	Int Charges	50,515.22
May 1, 2017	IDA-55230	Int Charges	660.58
May 1, 2017	IDA-55230	Int Charges	660.58
May 1, 2017	IDA-55230	Int Charges	48,389.66
May 1, 2017	IDA-55230	Int Charges	48,389.66
Nov 1, 2017	IDA-55230	Int Charges	783.02
Nov 1, 2017	IDA-55230	Int Charges	783.02
Nov 1, 2017	IDA-55230	Int Charges	51,110.51
Nov 1, 2017	IDA-55230	Int Charges	51,110.51
Nov 1, 2018	IDA-55230	Int Charges	50,094.56
Nov 1, 2018	IDA-55230	Int Charges	50,094.56
Nov 1, 2018	IDA-55230	Int Charges	326.28
Nov 1, 2018	IDA-55230	Int Charges	326.28
May 1, 2018	IDA-55230	Int Charges	453.16
May 1, 2018	IDA-55230	Int Charges	453.16
May 1, 2018	IDA-55230	Int Charges	51,731.51
May 1, 2018	IDA-55230	Int Charges	51,731.51
Nov 1, 2023	IDA-55230	Int Charges	487.60
Nov 1, 2023	IDA-55230	Int Charges	487.60
Nov 1, 2023	IDA-55230	Int Charges	47,618.51
Nov 1, 2023	IDA-55230	Int Charges	47,618.51
May 1, 2024	IDA-55230	Int Charges	768.76
May 1, 2024	IDA-55230	Int Charges	768.76
May 1, 2024	IDA-55230	Int Charges	47,055.27
May 1, 2024	IDA-55230	Int Charges	47,055.27
Jun 30, 2014	IDA-55230	Loan Commitment	15,000,000.00
May 1, 2022	IDA-55230	Int Charges	48,447.13
May 1, 2022	IDA-55230	Int Charges	48,447.13
May 1, 2022	IDA-55230	Int Charges	451.78
May 1, 2022	IDA-55230	Int Charges	451.78
Nov 1, 2022	IDA-55230	Int Charges	44,932.95
Nov 1, 2022	IDA-55230	Int Charges	44,932.95
Nov 1, 2022	IDA-55230	Int Charges	1,834.75
Nov 1, 2022	IDA-55230	Int Charges	1,834.75
May 1, 2023	IDA-55230	Int Charges	589.27
May 1, 2023	IDA-55230	Int Charges	589.27
May 1, 2023	IDA-55230	Int Charges	47,930.26
May 1, 2023	IDA-55230	Int Charges	47,930.26
Nov 1, 2020	IDA-55230	Int Charges	146.73
Nov 1, 2020	IDA-55230	Int Charges	146.73
Nov 1, 2020	IDA-55230	Int Charges	51,201.68
Nov 1, 2020	IDA-55230	Int Charges	51,201.68
May 1, 2021	IDA-55230	Int Charges	432.86
May 1, 2021	IDA-55230	Int Charges	432.86
May 1, 2021	IDA-55230	Int Charges	51,801.27
May 1, 2021	IDA-55230	Int Charges	51,801.27
Nov 1, 2021	IDA-55230	Int Charges	51,292.39
Nov 1, 2021	IDA-55230	Int Charges	51,292.39
Nov 1, 2021	IDA-55230	Int Charges	26.18
Nov 1, 2021	IDA-55230	Int Charges	26.18
May 1, 2019	IDA-55230	Int Charges	49,914.87
May 1, 2019	IDA-55230	Int Charges	49,914.87
May 1, 2019	IDA-55230	Int Charges	554.71
May 1, 2019	IDA-55230	Int Charges	554.71
Nov 1, 2019	IDA-55230	Int Charges	254.61
Nov 1, 2019	IDA-55230	Int Charges	254.61
Nov 1, 2019	IDA-55230	Int Charges	49,518.75
Nov 1, 2019	IDA-55230	Int Charges	49,518.75
May 1, 2020	IDA-55230	Int Charges	421.56
May 1, 2020	IDA-55230	Int Charges	421.56
May 1, 2020	IDA-55230	Int Charges	49,807.56

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2015-10-27
Monitoring and Evaluation	Satisfactory	2015-10-27
Program Management	Satisfactory	2015-10-27
Overall Implementation Progress (IP)	Satisfactory	2015-10-27

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-21-2018
Outcomes	Moderately Satisfactory
Risk to Development Outcome	Modest
Bank Performance	Moderately Satisfactory
Borrower Performance	Substantial
Government Performance	Substantial
Implementing Agency	Substantial

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 08-05-2019	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome	Modest	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Moderately Satisfactory	N/a
Government Performance	Moderately Satisfactory	N/a
Implementing Agency	Not Rated	N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Increase in tourist receipts (EC$ millions) Value 307.00 414.00 332.00
Date December 1, 2013 December 31, 2014 December 31, 2016
Comment
Increase in total output of commercialized agricultural estates (tons) Value 350.00 350.00 750.00
Date December 1, 2013 October 22, 2015 December 31, 2016
Comment
Increase in the number of farmers serviced by MNIB Value 1623.00 1982.00 3000.00
Date December 1, 2013 September 30, 2015 December 31, 2016
Comment
Reduction of the clearance time of border control procedures by half. (working days) Value 6.00 6.00 3.00
Date December 1, 2013 October 22, 2015 December 31, 2016
Comment

Increase in the share of PPP projects under development that are proceeding according to the processes and requirements defined in the PPP	Value	0.00	0.00	100.00
	Date	December 1, 2013	October 22, 2015	December 31, 2016
	Comment

Implementation of a new mechanism for electricity tariff setting. Value No No Yes
Date December 1, 2013 October 22, 2015 December 31, 2016
Comment
Better alignment of the government employment structure with the recommendations of the HR audits. Value 0.00 0.00 70.00
Date December 1, 2013 October 22, 2015 December 31, 2016
Comment
Increase in the number of public entities that publish annual performance reports. Value 0.00 0.00 3.00
Date December 1, 2013 October 22, 2015 December 31, 2016
Comment
Increased transparency of public procurement and confidence of the private sector in the system (publication of contract awards) Value No No Yes
Date December 1, 2013 October 22, 2015 December 31, 2016
Comment
Reduction of the share of NPLs in the total loan portfolio of banks. Value 9.00 9.00 5.00
Date December 1, 2013 October 22, 2015 December 31, 2016
Comment
Increase in the number of social programs using the targeting tool to identify beneficiaries. Value 0.00 0.00 3.00
Date December 1, 2013 October 22, 2015 December 31, 2016
Comment

Increase in the proportion of new public/commercial buildings and private housing built in safe regulated areas, in accordance withregulatory acts.	Value	0.00	0.00	50.00
	Date	December 1, 2013	October 22, 2015	December 31, 2016
	Comment

Increase in the percentage of engineers registered. Value 0.00 0.00 40.00
Date December 1, 2013 October 22, 2015 December 31, 2016
Comment
Decrease of the share of debt with a maturity of less than 90 days. Value 17.00 15.80 10.00
Date December 1, 2013 August 1, 2014 December 31, 2016
Comment

Increase in tourist receipts (EC$ millions)	Value	307.00	414.00	332.00
	Date	December 1, 2013	December 31, 2014	December 31, 2016
	Comment

Increase in total output of commercialized agricultural estates (tons)	Value	350.00	350.00	750.00
	Date	December 1, 2013	October 22, 2015	December 31, 2016
	Comment

Increase in the number of farmers serviced by MNIB	Value	1623.00	1982.00	3000.00
	Date	December 1, 2013	September 30, 2015	December 31, 2016
	Comment

Reduction of the clearance time of border control procedures by half. (working days)	Value	6.00	6.00	3.00
	Date	December 1, 2013	October 22, 2015	December 31, 2016
	Comment

Reduction of the share of NPLs in the total loan portfolio of banks.	Value	9.00	9.00	5.00
	Date	December 1, 2013	October 22, 2015	December 31, 2016
	Comment

Decrease of the share of debt with a maturity of less than 90 days.	Value	17.00	15.80	10.00
	Date	December 1, 2013	August 1, 2014	December 31, 2016
	Comment