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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 GoU’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 to mitigate these risks. The operation has one component: Mitigation of the effects of adverse weather conditions by enhancing FEE’s ability to cushion...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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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

  • Uruguay

  • September 11, 2014

  • (as of board presentation)

    December 2, 2014

  • April 21, 2015

  • US$ 200.00 million

  • Corporacion Nacional de Desarrollo (CND)

  • Latin America and Caribbean

  • 2015

  • US$ 200.00 million

  • C

  • Not Applicable

  • May 17, 2017

  • Yes

  • BANK APPROVED

  • August 16, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 200.00

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

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of June 30, 2025

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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

Footnotes

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

INDICATORBASELINECURRENTTARGET
  • Additional financing needs of the central government associated to droughtValue500.000.00200.00
    DateDecember 31, 2013November 4, 2016December 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 FundValue85.0095.0095.00
    DateDecember 31, 2013March 17, 2016December 31, 2017
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Quarterly report on the FEE Balance ReportValueNo FEE Balance Report was prepared and publishedQuarterly FEE reports prepared and posted on the CQuarterly FEE Balance Reports publicly available o
    DateDecember 31, 2014September 30, 2016June 30, 2015
    Comment