| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 200.00 |
Drought Events’ Impact Mitigating Investment Project Financing
Abstract*
The Drought Events Impact Mitigating Investment Project Financing of Uruguay has an objective of the proposed operation is to enhance the GoUs efforts to mitigate the effect of adverse weather conditions on its public sector accounts and to enhance the efficiency of its risk management framework used to mitigate these risks. The operation has one component: Mitigation of the effects of adverse weather conditions by enhancing FEEs ability to cushion... Show More
Development Objective
The Project Development Objective of the proposed operation is to enhance the Government of Uruguay’s efforts to mitigate the effect of adverse weather conditions on its public sector accounts and to enhance the efficiency of its risk management framework used tomitigate these risks.
Key Details
Project Details
P149069
Closed
Cristina Savescu , Fernando Blanco Cossio
National Development Corporation of the Oriental Republic of Uruguay
September 11, 2014
(as of board presentation)
December 2, 2014
April 21, 2015
US$ 200.00 million
Corporacion Nacional de Desarrollo (CND)
2015
US$ 200.00 million
C
Not Applicable
May 17, 2017
Yes
BANK APPROVED
August 16, 2023
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 200.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 200.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 200.00 |
Summary Status of World Bank Financing (US$ Millions) as of June 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Oct 15, 2017 | IBRD-84530 | Int Charges | 87,636.24 |
| Oct 25, 2016 | IBRD-84530 | Int Charges | 500,000.00 |
| Apr 20, 2017 | IBRD-84530 | Int Charges | 498,006.25 |
| May 17, 2017 | IBRD-84530 | Loan Cancel | 200,000,000.00 |
| Oct 15, 2017 | IBRD-84530 | Int Charges | 40.00 |
| Apr 15, 2016 | IBRD-84530 | Int Charges | 500,583.88 |
| Dec 2, 2014 | IBRD-84530 | Loan Commitment | 200,000,000.00 |
| Oct 11, 2018 | IBRD-84530 | Int Charges | 35.00 |
| Jun 15, 2015 | IBRD-84530 | Fee Charges | 500,000.00 |
| Oct 15, 2015 | IBRD-84530 | Int Charges | 509,589.03 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Overall Implementation Progress (IP) | Satisfactory | 2016-12-15 |
| Progress towards achievement of PDO | Satisfactory | 2016-12-15 |
| Project Management | Satisfactory | 2016-12-15 |
| Financial Management | Satisfactory | 2016-12-15 |
| Procurement | Satisfactory | 2016-12-15 |
| Monitoring and Evaluation | Moderately Satisfactory | 2016-12-15 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Additional financing needs of the central government associated to drought Value 500.00 0.00 200.00 Date December 31, 2013 November 4, 2016 December 31, 2017 Comment Share of the Additional Cost of Electricity Generation in drought events of moderate probability-moderate impact that is covered bythe FEE’s Targeted Level of Coverage by the Fund Value 85.00 95.00 95.00 Date December 31, 2013 March 17, 2016 December 31, 2017 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Quarterly report on the FEE Balance Report Value No FEE Balance Report was prepared and published Quarterly FEE reports prepared and posted on the C Quarterly FEE Balance Reports publicly available o Date December 31, 2014 September 30, 2016 June 30, 2015 Comment