1. What We Do

The Bahamas COVID-19 Response and Recovery DPF

Abstract*

The development objective of the COVID-19 Response and Recovery Development Policy Loan Project in Bahamas supports COVID-19 relief and lay the foundation for resilient economic recovery in The Bahamas. It includes policy reforms for a broader economic and social response to the crisis, including the protection of jobs, lives, and livelihoods. Furthermore, given the fragile fiscal and debt situation, the operation also supports measures to ensure...

* 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

The development objective of this operation is to support COVID-19 relief and lay the foundation for resilient economic recovery inThe Bahamas.

Key Details

Project Details

  • P175490

  • Closed

  • Anton Dobronogov

  • The Commonwealth of The Bahamas

  • Bahamas, The

  • November 24, 2020

  • (as of board presentation)

    May 25, 2021

  • May 27, 2021

  • US$ 100.00 million

  • N/A

  • August 16, 2023

  • June 30, 2022

  • BANK APPROVED

  • Notes

Sectors

Created with Highstock 5.0.14FY17 - Central Government(Central Agencies)FY17 - Central Government (Central Agencies)FY17 - Sub-National GovernmentFY17 - Banking InstitutionsFY17 - Insurance and PensionFY17 - HealthFY17 - Social Protection

Themes

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 100.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 100.00
IDA Commitment N/A
IBRD + IDA Commitment 100.00
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$)
Jun 1, 2023 IBRD-92450 Int Charges 2,755,731.20
May 28, 2021 IBRD-92450 Loan Disb 99,750,000.00
Jun 7, 2022 IBRD-92450 Int Charges 596,555.56
Jan 11, 2022 IBRD-92450 Int Charges 12,452.22
Dec 1, 2022 IBRD-92450 Int Charges 1,808,266.00
Jun 1, 2024 IBRD-92450 Int Charges 3,402,888.50
Jun 1, 2023 IBRD-92450 Int Charges 156,408.44
Dec 1, 2023 IBRD-92450 Int Charges 64,047.73
Jun 1, 2024 IBRD-92450 Int Charges 19,584.52
May 27, 2021 IBRD-92450 Loan Disb 250,000.00
May 27, 2021 IBRD-92450 Fee Charges 250,000.00
Dec 1, 2023 IBRD-92450 Int Charges 3,203,843.00
Jan 11, 2022 IBRD-92450 Int Charges 559,166.70
May 25, 2021 IBRD-92450 Loan Commitment 100,000,000.00
Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 05-31-2023
OutcomesSubstantial
Risk to Development Outcome
Bank PerformanceSubstantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 11-15-2023PROJECT 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 QualitySubstantialN/a
M&e QualityN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of beneficiary households wo received COVID-19 food assistance, incluinding share of female-headed householdsValue0.0058290.0055000.00
    DateFebruary 28, 2020June 30, 2021June 30, 2021
    Comment
  • Number of beneficiaries who received government-financed unemployment benefits, including the share of female beneficiariesValue0.0040233.0040000.00
    DateAugust 31, 2019June 30, 2021June 30, 2021
    Comment
  • Percentage of female workers receiving unemployment benefitsValue0.0058.0055.00
    DateAugust 31, 2019July 1, 2021June 30, 2021
    Comment
  • Number of banks with completed recovery plansValue0.006.004.00
    DateOctober 30, 2020June 30, 2022June 30, 2022
    Comment
  • Share of female headed households receiving food benefitsValue0.0076.0070.00
    DateFebruary 28, 2020January 31, 2022June 30, 2021
    Comment
  • Percentage of health workers vaccinated for COVID-19Value0.0085.0065.00
    DateSeptember 30, 2020March 31, 2022March 31, 2022
    Comment
  • Ministries and Departments responsible for X percent of annual budgeted expenditures have completed and filed their annual cash plans (specified by month for revenues, expenditures and financing)Value0.0091.0075.00
    DateMarch 31, 2021March 31, 2022March 31, 2022
    Comment
  • Government fiscal outlays to state-owned enterprisesValue482.70448.70395.00
    DateDecember 31, 2020December 31, 2021December 31, 2021
    Comment
  • Percent of domestic debt issued yearly through auctionsValue15.0019.5030.00
    DateDecember 31, 2020December 31, 2021December 31, 2021
    Comment
  • Number of non-bank financial institutions with a clearing and settlement account at the Central BankValue7.0017.002.00
    DateOctober 30, 2020June 30, 2022June 30, 2022
    Comment
  • Percentage increase in the number of new deposits covered by deposit insuranceValue0.0022.6020.00
    DateJune 30, 2020June 30, 2022June 30, 2021
    Comment
  • Publication of the monthly report on the government's financial performance relative to the annual Budget and Appropriation Act within 15 days of month's closeValue0.003.003.00
    DateDecember 31, 2021March 31, 2022March 31, 2022
    Comment
  • Percent of budget for climate mitigation and adaptation activitiesValue0.002.302.00
    DateDecember 31, 2020December 30, 2022December 30, 2022
    Comment