| Financier | Commitments |
|---|---|
| Global Facility for Disaster Reduction and Recovery | 2.00 |
| IDA Credit | 40.00 |
Saint Vincent and the Grenadines Volcanic Eruption Emergency Project
Abstract*
The proposed Volcanic Eruption Emergency Project (VEEP) is part of the World Bank’s response to an emergency situation in Saint Vincent and the Grenadines. This IPF will finance activities: (a) to support the Government of Saint Vincent and the Grenadines with the immediate recovery needs; and (b) to manage resilient recovery and reconstruction, considering the compounded effects of the eruption, the COVID-19 and dengue outbreaks, and the upcoming... Show More
Development Objective
The Project Development Objective (PDO) is to support Saint Vincent and the Grenadines to (i) provide short-term income support, (ii) improve the capacity of the government to prepare for and respond to emergencies, and (iii) build back better critical services in the wake of the La Soufriere volcano eruption.
Key Details
Project Details
P176943
Active
Jared Mercadante
St. Vincent and the Grenadines
September 23, 2021
(as of board presentation)
November 30, 2021
December 10, 2021
US$ 42.00 million
Ministry of Finance, Economic Planning, and Information Technology
2022
US$ 42.00 million
N/A
January 10, 2024
December 30, 2026
No
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 40.00 |
| IBRD + IDA Commitment | 40.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | 2.00 |
| Total Project Cost** | 42.00 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Aug 9, 2024 | IDA-70060 | Loan Disb | 656,852.10 |
| Jun 3, 2024 | IDA-70060 | Loan Disb | 1,239,633.50 |
| May 15, 2023 | IDA-70060 | Int Charges | 84,301.40 |
| Nov 15, 2023 | IDA-70060 | Int Charges | 104,099.04 |
| Nov 15, 2023 | IDA-70060 | Int Charges | 104,099.04 |
| Aug 3, 2023 | IDA-70060 | Loan Disb | 4,753,336.00 |
| Mar 31, 2022 | IDA-70060 | Loan Disb | 3,816,098.00 |
| Jul 25, 2022 | IDA-70060 | Loan Disb | 7,653,480.50 |
| Nov 15, 2022 | IDA-70060 | Int Charges | 62,425.21 |
| Nov 15, 2022 | IDA-70060 | Int Charges | 62,425.21 |
| Nov 15, 2022 | IDA-70060 | Int Charges | 7,012.08 |
| Nov 15, 2022 | IDA-70060 | Int Charges | 7,012.08 |
| May 15, 2024 | IDA-70060 | Int Charges | 119,238.42 |
| May 15, 2024 | IDA-70060 | Int Charges | 119,238.42 |
| Nov 30, 2021 | IDA-70060 | Loan Commitment | 40,000,000.00 |
| May 15, 2023 | IDA-70060 | Int Charges | 84,301.40 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Project Management | Moderately Satisfactory | 2024-10-18 |
| Financial Management | Satisfactory | 2024-10-18 |
| Progress towards achievement of PDO | Satisfactory | 2024-10-18 |
| Monitoring and Evaluation | Satisfactory | 2024-10-18 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-10-18 |
| Procurement | Moderately Satisfactory | 2024-10-18 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Number of households impacted by the volcanic eruption and climate-related events, benefiting from short-term income support program (number; disaggregated by gender) Value 0.00 4030.00 4000.00 Date August 2, 2021 October 17, 2023 December 30, 2022 Comment of which are women (Percentage) Value 0.00 63.00 55.00 Date August 2, 2021 October 17, 2023 December 30, 2022 Comment Number of people benefiting from restored utility/infrastructure services (number; disaggregated by gender) Value 0.00 0.00 15000.00 Date August 2, 2021 October 17, 2023 August 3, 2026 Comment of which are women (Percentage) Value 0.00 0.00 40.00 Date August 2, 2021 October 17, 2023 August 3, 2026 Comment The GoSVG has improved command and control systems in place Value No No Yes Date August 2, 2021 October 17, 2023 August 5, 2026 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Households provided with support services to enhance household’s self-agency Value 0.00 623.00 750.00 Date August 2, 2021 October 17, 2023 December 30, 2022 Comment Water systems rehabilitation and/or augmented, in accordance with climate and disaster resilient improvements and practices with operational capacity restored. Value 0.00 0.00 1.00 Date August 2, 2021 October 17, 2023 August 5, 2025 Comment Grievances responded to in the stipulated time Value 0.00 60.00 60.00 Date August 2, 2021 October 17, 2023 August 3, 2026 Comment Government has improved command and control systems in place to better prepare for and respond to emergencies such as volcanic eruption, as well as climate change-related disasters such as hurricanes Value No No Yes Date August 2, 2021 October 17, 2023 August 4, 2025 Comment Beneficiary satisfaction with project’s stakeholder engagement process Value 0.00 0.00 60.00 Date November 30, 2021 October 17, 2023 November 30, 2026 Comment Of which are women (Percentage) Value 0.00 83.50 55.00 Date August 2, 2021 October 17, 2023 December 30, 2022 Comment Households receiving temporary grants Value 0.00 4030.00 4000.00 Date August 2, 2021 October 17, 2023 December 30, 2022 Comment Public buildings repaired in accordance with volcanic eruption risk and climate and disaster-resilient improvements Value 0.00 0.00 5.00 Date August 2, 2021 October 17, 2023 August 4, 2025 Comment of which are women (Percentage) Value 0.00 0.00 50.00 Date November 30, 2021 October 17, 2023 November 30, 2026 Comment Of which are women (Percentage) Value 0.00 63.00 55.00 Date August 2, 2021 October 17, 2023 August 1, 2022 Comment Women economically benefiting from project investments in agriculture in impacted areas (% increase of the women economically benefiting from agriculture investments). Value 0.00 0.00 55.00 Date November 1, 2021 October 17, 2023 August 5, 2025 Comment Implement project activities at the community level, with women included in decision making processes. Value No Yes Yes Date August 2, 2021 October 17, 2023 August 4, 2023 Comment Number of bridges rehabilitated or protected Value 0.00 0.00 1.00 Date November 1, 2021 October 17, 2023 November 28, 2025 Comment Volcanic ash, debris and floodwater cleared following the volcanic eruption and/or climate-related events (in critical spots/segments, houses, and public buildings) Value 0.00 30.00 30.00 Date November 30, 2021 October 17, 2023 August 5, 2026 Comment Number of critical spots/segments built or rehabilitated Value 0.00 2.00 25.00 Date November 5, 2021 October 17, 2023 November 28, 2025 Comment