1. What We Do

Third Programmatic Resilience Building Development Policy Credit

Abstract*

The development objective of the Third Programmatic Resilience Building Development Policy Credit Project for Grenada is to support Grenada in implementing a program of policy and institutional reforms to: (i) improve the investment climate and competitiveness; (ii) improve public resource management; and (iii) enhance resilience against natural disasters. The operation is comprised of a credit in the amount of special drawing rights (SDR) 6.8 million...

* 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 Program Development Objective of the proposed DPC series is to support the Government of Grenada to implement a program of policy and institutional reforms to: (i) create conditions for private investment in a sustainable manner; (ii) support improved public resource management; and (iii) enhance resilience against natural disasters.

Key Details

Project Details

  • P156761

  • Closed

  • Annette I. De Kleine Feige

  • N/A

  • Grenada

  • November 10, 2016

  • (as of board presentation)

    December 16, 2016

  • December 22, 2016

  • US$ 9.34 million

  • N/A

  • Not Applicable

  • November 30, 2017

  • BANK APPROVED

  • P147152

  • August 16, 2023

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Central Government(Central Agencies)FY17 - Central Government (Central Agencies)FY17 - Other EducationFY17 - Capital MarketsFY17 - Renewable EnergyGeothermalFY17 - Renewable Energy GeothermalFY17 - Renewable Energy SolarFY17 - Renewable Energy WindFY17 - Social ProtectionFY17 - Agricultural markets,commercialization and agri-businessFY17 - Agricultural markets, commercialization and agri-businessFY17 - Trade

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 9.34

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 9.34
IBRD + IDA Commitment 9.34
Lending Instrument
Grant Amount N/A
Total Project Cost** 10.00

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$)
Dec 16, 2016 IDA-59340 Loan Commitment 9,340,000.00
Mar 15, 2024 IDA-59340 Int Charges 33,043.16
Mar 15, 2024 IDA-59340 Int Charges 33,043.16
Mar 15, 2024 IDA-59340 Int Charges 912.64
Mar 15, 2024 IDA-59340 Int Charges 912.64
Mar 15, 2023 IDA-59340 Int Charges 33,579.41
Mar 15, 2023 IDA-59340 Int Charges 33,579.41
Mar 15, 2023 IDA-59340 Int Charges 367.21
Mar 15, 2023 IDA-59340 Int Charges 367.21
Sep 15, 2023 IDA-59340 Int Charges 33,189.53
Sep 15, 2023 IDA-59340 Int Charges 33,189.53
Sep 15, 2023 IDA-59340 Int Charges 437.83
Sep 15, 2023 IDA-59340 Int Charges 437.83
Sep 15, 2022 IDA-59340 Int Charges 729.25
Sep 15, 2022 IDA-59340 Int Charges 32,290.95
Sep 15, 2022 IDA-59340 Int Charges 32,290.95
Sep 15, 2022 IDA-59340 Int Charges 729.25
Mar 15, 2022 IDA-59340 Int Charges 35.03
Mar 15, 2022 IDA-59340 Int Charges 35.03
Mar 15, 2022 IDA-59340 Int Charges 35,172.92
Mar 15, 2022 IDA-59340 Int Charges 35,172.92
Sep 15, 2021 IDA-59340 Int Charges 114.54
Sep 15, 2021 IDA-59340 Int Charges 114.54
Sep 15, 2021 IDA-59340 Int Charges 36,212.24
Sep 15, 2021 IDA-59340 Int Charges 36,212.24
Apr 30, 2021 IDA-59340 Int Charges 678.78
Apr 30, 2021 IDA-59340 Int Charges 678.78
Apr 30, 2021 IDA-59340 Int Charges 36,617.75
Apr 30, 2021 IDA-59340 Int Charges 36,617.75
Sep 15, 2020 IDA-59340 Int Charges 84.15
Sep 15, 2020 IDA-59340 Int Charges 84.15
Sep 15, 2020 IDA-59340 Int Charges 35,370.54
Sep 15, 2020 IDA-59340 Int Charges 35,370.54
Sep 15, 2019 IDA-59340 Int Charges 75.52
Sep 15, 2019 IDA-59340 Int Charges 75.52
Sep 15, 2019 IDA-59340 Int Charges 34,940.31
Sep 15, 2019 IDA-59340 Int Charges 34,940.31
Mar 15, 2020 IDA-59340 Int Charges 295.04
Mar 15, 2020 IDA-59340 Int Charges 295.04
Mar 15, 2020 IDA-59340 Int Charges 34,848.04
Mar 15, 2020 IDA-59340 Int Charges 34,848.04
Mar 15, 2019 IDA-59340 Int Charges 35,505.18
Sep 15, 2018 IDA-59340 Int Charges 512.34
Sep 15, 2018 IDA-59340 Int Charges 512.34
Sep 15, 2018 IDA-59340 Int Charges 35,750.47
Sep 15, 2018 IDA-59340 Int Charges 35,750.47
Mar 15, 2019 IDA-59340 Int Charges 18.24
Mar 15, 2019 IDA-59340 Int Charges 18.24
Mar 15, 2019 IDA-59340 Int Charges 35,505.18
Jan 3, 2017 IDA-59340 Loan Disb 9,088,880.00
Mar 15, 2017 IDA-59340 Int Charges 13,765.92
Mar 15, 2017 IDA-59340 Int Charges 13,765.92
Sep 15, 2017 IDA-59340 Int Charges 35,440.15
Sep 15, 2017 IDA-59340 Int Charges 35,440.15
Mar 15, 2018 IDA-59340 Int Charges 867.77
Mar 15, 2018 IDA-59340 Int Charges 867.77
Mar 15, 2018 IDA-59340 Int Charges 36,528.08
Mar 15, 2018 IDA-59340 Int Charges 36,528.08
Sep 15, 2017 IDA-59340 Int Charges 16.83
Sep 15, 2017 IDA-59340 Int Charges 16.83
Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 12-21-2018
OutcomesModerately Satisfactory
Risk to Development OutcomeModest
Bank PerformanceModerately Satisfactory
Borrower PerformanceSubstantial
Government PerformanceSubstantial
Implementing AgencySubstantial

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 08-05-2019PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Unsatisfactory N/a
Risk To Development OutcomeModestN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceModerately SatisfactoryN/a
Government PerformanceModerately SatisfactoryN/a
Implementing AgencyNot RatedN/a
Icr QualitySubstantialN/a
M&e QualityModestN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Increase in the number of public entities that publish annual performance reports.Value0.000.003.00
    DateDecember 1, 2013October 22, 2015December 31, 2016
    Comment
  • Increased transparency of public procurement and confidence of the private sector in the system (publication of contract awards)ValueNoNoYes
    DateDecember 1, 2013October 22, 2015December 31, 2016
    Comment
  • Reduction of the share of NPLs in the total loan portfolio of banks.Value9.009.005.00
    DateDecember 1, 2013October 22, 2015December 31, 2016
    Comment
  • Increase in the number of social programs using the targeting tool to identify beneficiaries.Value0.000.003.00
    DateDecember 1, 2013October 22, 2015December 31, 2016
    Comment
  • Increase in the proportion of new public/commercial buildings and private housing built in safe regulated areas, in accordance withregulatory acts.Value0.000.0050.00
    DateDecember 1, 2013October 22, 2015December 31, 2016
    Comment
  • Increase in the percentage of engineers registered.Value0.000.0040.00
    DateDecember 1, 2013October 22, 2015December 31, 2016
    Comment
  • Decrease of the share of debt with a maturity of less than 90 days.Value17.0015.8010.00
    DateDecember 1, 2013August 1, 2014December 31, 2016
    Comment
  • Increase in tourist receipts (EC$ millions)Value307.00414.00332.00
    DateDecember 1, 2013December 31, 2014December 31, 2016
    Comment
  • Increase in total output of commercialized agricultural estates (tons)Value350.00350.00750.00
    DateDecember 1, 2013October 22, 2015December 31, 2016
    Comment
  • Increase in the number of farmers serviced by MNIBValue1623.001982.003000.00
    DateDecember 1, 2013September 30, 2015December 31, 2016
    Comment
  • Reduction of the clearance time of border control procedures by half. (working days)Value6.006.003.00
    DateDecember 1, 2013October 22, 2015December 31, 2016
    Comment
  • Increase in the share of PPP projects under development that are proceeding according to the processes and requirements defined in the PPPValue0.000.00100.00
    DateDecember 1, 2013October 22, 2015December 31, 2016
    Comment
  • Implementation of a new mechanism for electricity tariff setting.ValueNoNoYes
    DateDecember 1, 2013October 22, 2015December 31, 2016
    Comment
  • Better alignment of the government employment structure with the recommendations of the HR audits.Value0.000.0070.00
    DateDecember 1, 2013October 22, 2015December 31, 2016
    Comment