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Second Inclusive and Sustainable Growth

Abstract*

The operation is part of the World Bank response to the COVID-19 crisis in Ecuador. The proposed operation is the second in a programmatic Development Policy Financing (DPF) series of three operations. The World Bank had been working with Ecuador in a DPF series to support the Government of Ecuador’s structural reform program, aimed at: (i) increasing the efficiency of public spending and revenue mobilization; (ii) removing barriers to the development...

* 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

This DPF series supports measures aimed at: i) responding to COVID-19 to protect the vulnerable; ii) removing barriers to the private sector development and supporting the economic recovery; iii) promoting public sector efficiency and fiscal sustainability post-crisis

Key Details

Project Details

  • P171190

  • Closed

  • Simon Davies , Barbara Cunha

  • Republic of Ecuador

  • Ecuador

  • June 4, 2019

  • (as of board presentation)

    May 7, 2020

  • May 11, 2020

  • US$ 506.00 million

  • N/A

  • Not Applicable

  • December 31, 2020

  • BANK APPROVED

  • P169822

  • September 11, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 500.00
Concessional Financing Facility 6.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 500.00
IDA Commitment N/A
IBRD + IDA Commitment 500.00
Lending Instrument
Grant Amount 6.00
Total Project Cost** N/A

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$)
May 1, 2023 IBRD-91140 Int Charges 6,750,000.00
May 1, 2022 IBRD-91140 Int Charges 6,750,000.00
Nov 1, 2021 IBRD-91140 Int Charges 6,750,000.00
May 20, 2020 IBRD-91140 Loan Disb -500,000,000.00
May 20, 2020 IBRD-91140 Loan Disb 500,000,000.00
May 12, 2020 IBRD-91140 Fee Charges 1,250,000.00
Nov 1, 2020 IBRD-91140 Int Charges 166,666.67
Nov 1, 2020 IBRD-91140 Int Charges 6,037,500.00
May 1, 2021 IBRD-91140 Int Charges 6,750,000.00
May 15, 2020 IBRD-91140 Loan Disb 500,000,000.00
May 7, 2020 IBRD-91140 Loan Commitment 500,000,000.00
May 1, 2024 IBRD-91140 Int Charges 6,750,000.00
Nov 1, 2023 IBRD-91140 Int Charges 6,750,000.00
Nov 1, 2022 IBRD-91140 Int Charges 6,750,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 09-06-2023
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 01-11-2024PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingSatisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceSatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualityHighN/a
M&e QualityN/a

Results Framework

No data available.