1. What We Do

Grenada Second Fiscal Resilience and Blue Growth Development Policy Credit

Abstract*

The development objective of Second Fiscal Resilience and Blue Growth Development Policy Credit Project for Grenada are to: (i) support long-term fiscal sustainability and strengthen fiscal resilience; and (ii) support Grenada’s transition to a Blue Economy by strengthening marine and coastal management, marine ecosystem health, and climate resilience. This is the second in a series of two lending operations aimed at supporting Grenada’s efforts to...

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

Show More

Development Objective

The series’ Program Development Objectives are to: (i) support long-term fiscal sustainability and strengthen fiscal resilience; and (ii) support Grenada’s transition to a Blue Economy by strengthening marine and coastal management, marine ecosystem health, and climate resilience.

Key Details

Project Details

  • P167748

  • Closed

  • Ewa Korczyc , Tamoya Christie, Ana Lima

  • Grenada

  • Grenada

  • July 24, 2019

  • (as of board presentation)

    December 16, 2019

  • January 29, 2020

  • US$ 0.00 million

  • Ministry of Finance, Planning, Economic Development & Physical Development

  • Latin America and Caribbean

  • 2020

  • US$ 20.00 million

  • N/A

  • August 16, 2023

  • December 31, 2020

  • BANK APPROVED

  • P164289

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Central Government(Central Agencies)FY17 - Central Government (Central Agencies)FY17 - Other PublicAdministrationFY17 - Other Public Administration

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 20.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 20.00
IBRD + IDA Commitment 20.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

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

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

Detailed Financial Activity as of March 31, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)
Feb 12, 2020 IDA-65210 Loan Disb 20,000,000.00
Aug 15, 2020 IDA-65210 Int Charges 154,000.02
Aug 15, 2020 IDA-65210 Int Charges 2,566.67
Aug 15, 2020 IDA-65210 Int Charges 2,566.67
Aug 15, 2020 IDA-65210 Int Charges 154,000.02
Feb 15, 2021 IDA-65210 Int Charges 154,000.02
Feb 15, 2021 IDA-65210 Int Charges 154,000.02
Aug 15, 2021 IDA-65210 Int Charges 154,000.02
Feb 15, 2024 IDA-65210 Int Charges 154,000.02
Feb 15, 2024 IDA-65210 Int Charges 154,000.02
Aug 15, 2021 IDA-65210 Int Charges 154,000.02
Dec 16, 2019 IDA-65210 Loan Commitment 20,000,000.00
Feb 15, 2023 IDA-65210 Int Charges 154,000.02
Feb 15, 2023 IDA-65210 Int Charges 154,000.02
Aug 15, 2023 IDA-65210 Int Charges 154,000.02
Aug 15, 2023 IDA-65210 Int Charges 154,000.02
Aug 15, 2024 IDA-65210 Int Charges 154,000.02
Aug 15, 2024 IDA-65210 Int Charges 154,000.02
Feb 15, 2022 IDA-65210 Int Charges 154,000.02
Feb 15, 2022 IDA-65210 Int Charges 154,000.02
Aug 15, 2022 IDA-65210 Int Charges 154,000.02
Aug 15, 2022 IDA-65210 Int Charges 154,000.02
Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 01-13-2022
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 01-09-2023PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceUnsatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualityModestN/a
M&e QualityN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Aggregated inflows into the Contingency FundValue0.000.003.70
    DateDecember 31, 2019December 31, 2020December 31, 2020
    Comment
  • Real aggregate increase in public wage bill at the central government levelValue0.007.509.00
    DateDecember 31, 2019December 31, 2020December 31, 2020
    Comment
  • Improved effectiveness and increased compliance in customs as measured by the increase in number of successfully targeted annual post-clearance auditsValue3.004.005.00
    DateDecember 30, 2016December 31, 2020December 31, 2020
    Comment
  • Increased coverage of Marine Protected AreasValue3.0015.0020.00
    DateDecember 30, 2016December 31, 2020December 31, 2020
    Comment
  • Proportion of SOEs that follow the new monitoring and reporting framework produced by the Ministry of FinanceValue0.00100.00100.00
    DateDecember 30, 2016December 31, 2020December 31, 2020
    Comment
  • The quantification of contingent liabilities is included in the annual Fiscal Risk StatementValueNoYesYes
    DateDecember 30, 2016November 30, 2021December 31, 2020
    Comment
  • Increased number of GSDTF’s revenue sourcesValue0.001.002.00
    DateDecember 30, 2016December 31, 2020December 31, 2020
    Comment
  • Import volume of Styrofoam food containersValue3007.000.000.00
    DateDecember 30, 2016December 31, 2020December 31, 2020
    Comment
  • Import volume of single use plastic bagsValue6975308.000.000.00
    DateDecember 30, 2016December 31, 2020December 31, 2020
    Comment
  • Import volume of disposable plastic platesValue2697.000.000.00
    DateDecember 30, 2016December 31, 2020December 31, 2020
    Comment
  • Import volume of forks and spoonsValue1838.000.000.00
    DateDecember 30, 2016December 31, 2020December 31, 2020
    Comment
  • The share of new building applications approved in accordance with the amended building codesValue0.000.00100.00
    DateDecember 30, 2016December 31, 2021December 31, 2020
    Comment
  • Percentage of annual government contracts for the purchase of goods that are governed by sustainability requirementsValue0.000.0025.00
    DateDecember 30, 2016December 31, 2020December 31, 2020
    Comment