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Crisis Response and Recovery Development Policy Operation

Abstract*

The Crisis Response and Recovery Development Policy Financing (CRR-DPF) in the amount of US300 million dollars for the government of Croatia seeks to cushion the impact of the two external shocks that affected Croatia in early 2020, the COVID-19 pandemic and the earthquake, while supporting inclusive and sustainable economic recovery. This support is both urgent and critical: the economic crisis caused by the pandemic has been exacerbated by the devastating...

* 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

Support the Government’s efforts to: (i) mitigate the economic and social impact of the COVID-19 pandemic, and (ii) advance inclusive and sustainable recovery.

Key Details

Project Details

  • P173996

  • Closed

  • Hilda Shijaku , Emilia Skrok, Donato De Rosa

  • Republic of Croatia

  • Croatia

  • May 29, 2020

  • (as of board presentation)

    June 26, 2020

  • September 29, 2020

  • US$ 0.00 million

  • Ministry of Finance

  • Europe and Central Asia

  • 2020

  • US$ 300.00 million

  • N/A

  • N/A

  • February 28, 2021

  • BANK APPROVED

  • February 21, 2022

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 300.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 300.00
IDA Commitment N/A
IBRD + IDA Commitment 300.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

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

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

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
May 15, 2021 IBRD-91350 Int Charges 283,517.12
Sep 29, 2020 IBRD-91350 Loan Disb 806,800.56
Sep 29, 2020 IBRD-91350 Fee Charges 806,800.56
Jan 13, 2021 IBRD-91350 Loan Disb 334,724,480.00
Nov 15, 2022 IBRD-91350 Int Charges 792,857.10
May 15, 2022 IBRD-91350 Int Charges 317,016.88
Nov 15, 2021 IBRD-91350 Int Charges 371,396.90
May 15, 2021 IBRD-91350 Int Charges 173,243.81
May 15, 2021 IBRD-91350 Int Charges 501.82
May 15, 2021 IBRD-91350 Int Charges 134,438.28
Jun 26, 2020 IBRD-91350 Loan Commitment 300,000,000.00
May 15, 2024 IBRD-91350 Int Charges 7,307,921.00
Nov 15, 2023 IBRD-91350 Int Charges 6,711,364.50
May 15, 2023 IBRD-91350 Int Charges 4,587,861.50

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 02-17-2022
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceNot RatedN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityN/a

Results Framework

No data available.