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Ecuador Green and Resilient Recovery (EGARR) DPF

Abstract*

The development objectives of the First Green and Resilient Recovery Development Policy Loan in Ecuador assist the government in its agenda to tackle selected structural challenges to foster growth, inclusion, job creation, and climate resilience, strengthen low-carbon development and help realize its commitment to become carbon neutral by 2050. The first pillar tackles selected structural challenges to foster growth, inclusion, job creation, and...

* 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

This operation seeks to assist the government in its agenda to tackle selected structural challenges to foster growth, inclusion, job creation, and climate resilience, strengthen low-carbon development and help realize its commitment to become carbon neutral by 2050.

Key Details

Project Details

  • P176983

  • Closed

  • Christian Gonzalez Amador , Julio Velasco, Janina Franco Salazar

  • Republic of Ecuador

  • Ecuador

  • October 12, 2021

  • (as of board presentation)

    February 1, 2022

  • February 24, 2022

  • US$ 700.00 million

  • N/A

  • August 16, 2023

  • January 31, 2023

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 700.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 700.00
IDA Commitment N/A
IBRD + IDA Commitment 700.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

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

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No data available.
Period Financier Transaction Type Amount (US$)
Feb 1, 2022 IBRD-93330 Loan Commitment 700,000,000.00
Nov 15, 2022 IBRD-93330 Int Charges 10,963,361.00
Feb 25, 2022 IBRD-93330 Fee Charges 1,750,000.00
Mar 4, 2022 IBRD-93330 Loan Disb 700,000,000.00
May 15, 2023 IBRD-93330 Int Charges 8,939,389.00
Nov 15, 2023 IBRD-93330 Int Charges 9,373,778.00
Mar 10, 2022 IBRD-93330 Loan Disb -700,000,000.00
May 15, 2022 IBRD-93330 Int Charges 3,324,027.80
May 15, 2024 IBRD-93330 Int Charges 10,333,556.00
May 15, 2022 IBRD-93330 Int Charges 110,828.46
Mar 10, 2022 IBRD-93330 Loan Disb 700,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.