| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 40.00 |
Eswatini - Economic Recovery Development Policy Financing I
Abstract*
This program document presents a first US40 million dollars Economic Recovery Development Policy Loan to the Kingdom of Eswatini. This is the first in a programmatic series of two operations to support the Government of Eswatini’s economic reform program. The operation supports the Government’s post-COVID-192 economic recovery program and its efforts to implement critical structural reforms to address binding constraints to the country’s development... Show More
Development Objective
The development objectives of the proposed emergency DPO are to: (1) help contain the spread of the virus and support firms to protect workers; (2) contribute towards securing the country’s future economic potential in strengthening transparency and budget management; and (3) improve competitiveness and open up the digital economy
Key Details
Project Details
P174447
Closed
Marko Kwaramba , Wolfgang Fengler
Eswatini
July 24, 2020
(as of board presentation)
November 19, 2020
December 8, 2020
US$ 0.00 million
Ministry of Finance and Ministry of Economic Planning and Development
2021
US$ 40.00 million
N/A
August 22, 2023
June 30, 2022
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 40.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 40.00 |
| 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$) |
|---|---|---|---|
| Aug 15, 2021 | IBRD-91740 | Int Charges | 3,552.74 |
| Aug 15, 2021 | IBRD-91740 | Int Charges | 41,090.93 |
| Feb 15, 2022 | IBRD-91740 | Int Charges | 196,266.66 |
| Aug 15, 2022 | IBRD-91740 | Int Charges | 329,822.22 |
| Aug 15, 2021 | IBRD-91740 | Int Charges | 203,122.23 |
| Jan 8, 2021 | IBRD-91740 | Loan Disb | 39,900,000.00 |
| Apr 1, 2021 | IBRD-91740 | Int Charges | 203.17 |
| Dec 8, 2020 | IBRD-91740 | Fee Charges | 100,000.00 |
| Dec 8, 2020 | IBRD-91740 | Loan Disb | 100,000.00 |
| Aug 15, 2024 | IBRD-91740 | Int Charges | 7,351.14 |
| Aug 21, 2023 | IBRD-91740 | Int Charges | 1,196,611.10 |
| Feb 15, 2023 | IBRD-91740 | Int Charges | 877,066.70 |
| Feb 16, 2024 | IBRD-91740 | Loan Repay | 4,000,000.00 |
| Feb 16, 2024 | IBRD-91740 | Int Charges | 1,345,463.40 |
| Aug 15, 2024 | IBRD-91740 | Loan Repay | 4,000,000.00 |
| Aug 15, 2024 | IBRD-91740 | Int Charges | 1,197,702.60 |
| Aug 15, 2024 | IBRD-91740 | Int Charges | 726.81 |
| Nov 19, 2020 | IBRD-91740 | Loan Commitment | 40,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Progress towards achievement of PDO | Satisfactory | 2022-06-14 |
| Monitoring and Evaluation | Satisfactory | 2022-06-14 |
| Overall Implementation Progress (IP) | Satisfactory | 2022-06-14 |
| Program Management | Satisfactory | 2022-06-14 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of COVID-19 tests conducted by the designated in-country laboratory (disaggregated by results) in 12 months (Number) Value 22032.00 140000.00 100000.00 Date August 31, 2020 April 29, 2022 August 31, 2022 Comment Number of workers and firms that benefited from the contingency funds Value 0.00 23099.00 40000.00 Date July 31, 2020 April 29, 2022 December 30, 2022 Comment Percentage of tenders awarded competitively and following the regulations Value 0.00 0.00 100.00 Date December 31, 2019 December 31, 2021 December 30, 2022 Comment Increase in the value of mobile money balance (percentage of GDP) Value 0.20 0.50 0.40 Date December 31, 2018 December 31, 2021 December 30, 2022 Comment Number of MSMEs benefiting from tax credits Value 0.00 55.00 200.00 Date May 1, 2020 April 29, 2022 December 30, 2022 Comment Transparency & Accountability - Ibrahim Index on African Governance (IIAG) Value 40.00 40.00 50.00 Date December 31, 2019 December 31, 2020 December 30, 2022 Comment Reduced stock of expenditure arrears Value 26.00 12.00 15.00 Date May 1, 2020 April 29, 2022 June 30, 2022 Comment Number of days to obtain trade license Value 5.30 1.00 1.00 Date December 31, 2020 December 31, 2021 December 30, 2022 Comment