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First Fiscal Reform and Resilience Development Policy Credit

Abstract*

The objective of First Fiscal Reform and Resilience Development Policy Credit Project for St. Vincent and the Grenadines is to support the Government of St. Vincent and the Grenadines in building a more resilient economy through: (i) strengthening fiscal policy and public financial management; and (ii) strengthening climate resilience and adaptation. Pursuing a blue growth agenda in a small, tourism‐based economy highly dependent on its natural environment...

* 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 DPF supports the Government of St. Vincent and the Grenadines in implementing a program of policy and institutional reforms to support improved public resource management by strengthening fiscal policy and public financial management and by reinforcing disaster and climate change resilience.

Key Details

Project Details

  • P165220

  • Closed

  • David Cal MacWilliam , Ana Lima

  • Ministry of Finance

  • US$ 30.00 million

  • N/A

  • Not Applicable

  • December 31, 2019

  • BANK APPROVED

  • August 16, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 30.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 30.00
IBRD + IDA Commitment 30.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 30.00

Summary Status of World Bank Financing (US$ Millions) as of April 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 April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Nov 15, 2022 IDA-64170 Int Charges 217,500.00
May 15, 2022 IDA-64170 Int Charges 217,500.00
May 15, 2023 IDA-64170 Int Charges 217,500.00
May 15, 2023 IDA-64170 Int Charges 217,500.00
Nov 15, 2023 IDA-64170 Int Charges 217,500.00
Nov 15, 2023 IDA-64170 Int Charges 217,500.00
May 15, 2024 IDA-64170 Int Charges 217,500.00
May 15, 2024 IDA-64170 Int Charges 217,500.00
Jun 5, 2019 IDA-64170 Loan Commitment 30,000,000.00
Jul 24, 2019 IDA-64170 Loan Disb 30,000,000.00
Nov 15, 2019 IDA-64170 Int Charges 134,125.00
Nov 15, 2019 IDA-64170 Int Charges 134,125.00
May 15, 2020 IDA-64170 Int Charges 217,500.00
May 15, 2020 IDA-64170 Int Charges 217,500.00
Nov 15, 2020 IDA-64170 Int Charges 217,500.00
Nov 15, 2020 IDA-64170 Int Charges 217,500.00
May 15, 2021 IDA-64170 Int Charges 217,500.00
May 15, 2021 IDA-64170 Int Charges 217,500.00
Nov 15, 2021 IDA-64170 Int Charges 217,500.00
Nov 15, 2021 IDA-64170 Int Charges 217,500.00
May 15, 2022 IDA-64170 Int Charges 217,500.00
Nov 15, 2022 IDA-64170 Int Charges 217,500.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT:
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 01-17-2025PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceHighly SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityN/a

Results Framework

No data available.