| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 15.00 |
COVID-19 Crisis Response Emergency Development Policy Financing
Abstract*
The development objective of COVID-19 Crisis Response Emergency Development Policy Financing is to support Seychelles in its response and recovery from Coronavirus (COVID-19) crisis by (1) enhancing response mechanisms in health, social protection and private sector; and (2) supporting sustainable post-crisis recovery through strengthened financial systems and climate resilience. The objective of the operation is to support measures taken by Seychelles... Show More
Development Objective
To support the Republic of Seychelles in its response and recovery from COVID-19 crisis by (1) enhancing response mechanisms in health, social protection and private sector; and (2) supporting sustainable post-crisis recovery through strengthened financial systems and climate resilience.
Key Details
Project Details
P174198
Closed
Sashana Whyte , Brenden Jongman
Republic of Seychelles
June 6, 2020
(as of board presentation)
June 25, 2020
July 1, 2020
US$ 0.00 million
Department of Health,Ministry of Environment, Energy and Climate Change,Ministry of Finance, Trade, Investment and Economic Planning
2020
US$ 15.00 million
N/A
N/A
June 30, 2021
BANK APPROVED
August 22, 2023
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 15.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 15.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Feb 15, 2022 | IBRD-91490 | Loan Disb | -12,500,000.00 |
| Jun 25, 2020 | IBRD-91490 | Loan Commitment | 2,500,000.00 |
| Feb 15, 2022 | IBRD-91490 | Int Charges | 69,638.90 |
| Feb 15, 2022 | IBRD-91490 | Int Charges | 13,927.78 |
| Jul 7, 2020 | IBRD-91490 | Loan Disb | 2,493,750.00 |
| Aug 15, 2021 | IBRD-91490 | Int Charges | 71,017.36 |
| Feb 15, 2021 | IBRD-91490 | Int Charges | 17,746.41 |
| Feb 15, 2021 | IBRD-91490 | Int Charges | 3,549.28 |
| Aug 15, 2021 | IBRD-91490 | Int Charges | 14,203.48 |
| Feb 15, 2021 | IBRD-91490 | Int Charges | 79,222.22 |
| Feb 15, 2021 | IBRD-91490 | Int Charges | 15,844.44 |
| Feb 15, 2022 | IBRD-91490 | Loan Disb | 2,500,000.00 |
| Feb 15, 2022 | IBRD-91490 | Loan Disb | -2,500,000.00 |
| Jul 7, 2020 | IBRD-91490 | Loan Disb | 12,468,750.00 |
| Jul 1, 2020 | IBRD-91490 | Fee Charges | 6,250.00 |
| Aug 15, 2022 | IBRD-91490 | Int Charges | 177,229.17 |
| Aug 15, 2022 | IBRD-91490 | Int Charges | 35,445.83 |
| Jun 25, 2020 | IBRD-91490 | Loan Commitment | 12,500,000.00 |
| Jul 1, 2020 | IBRD-91490 | Loan Disb | 6,250.00 |
| Jul 1, 2020 | IBRD-91490 | Loan Disb | 31,250.00 |
| Aug 15, 2023 | IBRD-91490 | Int Charges | 34,565.98 |
| Aug 15, 2023 | IBRD-91490 | Int Charges | 172,829.86 |
| Feb 15, 2023 | IBRD-91490 | Int Charges | 35,905.56 |
| Feb 15, 2023 | IBRD-91490 | Int Charges | 179,527.78 |
| Aug 15, 2024 | IBRD-91490 | Int Charges | 180,104.16 |
| Aug 15, 2024 | IBRD-91490 | Int Charges | 36,020.84 |
| Feb 15, 2024 | IBRD-91490 | Int Charges | 179,527.78 |
| Feb 15, 2024 | IBRD-91490 | Int Charges | 35,905.56 |
| Jul 1, 2020 | IBRD-91490 | Fee Charges | 31,250.00 |
| Feb 15, 2022 | IBRD-91490 | Loan Disb | 12,500,000.00 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 12-23-2022 |
|---|---|
| Outcomes | Moderately Satisfactory |
| Risk to Development Outcome | |
| Bank Performance | Moderately Satisfactory |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 08-08-2023 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Moderately Satisfactory | N/a |
| Risk To Development Outcome | N/a | |
| Bank Performance | Moderately Satisfactory | N/a |
| Borrower Performance | N/a | |
| Government Performance | N/a | |
| Implementing Agency | N/a | |
| Icr Quality | Substantial | N/a |
| M&e Quality | N/a |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Percentage of international arrivals having been tested for COVID-19 in accordance with the Department of Health protocol Value 0.00 100.00 95.00 Date December 31, 2019 December 31, 2020 December 31, 2020 Comment Percentage increase in households receiving social protection or social welfare support to alleviate COVID-19 impacts Value 0.00 11.30 20.00 Date December 31, 2019 June 30, 2020 June 30, 2020 Comment Number of workers in the private sector having benefited from salary guarantee with the objective to reduce job and income losses Value 0.00 11416.00 25000.00 Date December 31, 2019 December 31, 2020 December 31, 2020 Comment Percentage uptake of the credit line facility under the Private Sector Relief Scheme to help micro, small and medium enterprises (MSMEs) impacted by COVID-19 Value 0.00 22.40 80.00 Date December 31, 2019 June 30, 2021 June 30, 2021 Comment Percentage of legal entities that have submitted verifiable ownership information on the database held by FIU Value 0.00 90.00 80.00 Date December 31, 2019 June 30, 2021 June 30, 2021 Comment Number of government sectors guided on the mainstreaming of climate change in sectoral policies through the new National Climate Change Council chaired by the Vice President Value 0.00 3.00 10.00 Date December 31, 2019 June 30, 2021 June 30, 2021 Comment Percentage of firms benefiting from postponement of taxes to mitigate the impact of COVD-19 Value 0.00 36.90 90.00 Date December 31, 2019 August 31, 2020 August 31, 2020 Comment