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Saint Lucia Sustainable Recovery Development Policy Credit

Abstract*

The development objectives of the Sustainable Recovery Development Policy Credit for Saint Lucia are to: (i) strengthen fiscal revenues and transparency; and (ii) promote green and resilient private sector growth. The operation consists of two complementary pillars: Pillar 1 supports strengthening fiscal revenues and improving transparency by introducing a health and citizen security levy (HCSL) as well as increases to the excise tax on cigarettes...

* 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 program development objectives are to (i) strengthen fiscal revenues and transparency; and (ii) promote green and resilient private sector growth.

Key Details

Project Details

  • P179539

  • Closed

  • Vasileios Tsiropoulos

  • Saint Lucia

  • St. Lucia

  • March 28, 2023

  • (as of board presentation)

    January 11, 2024

  • March 29, 2024

  • US$ 40.00 million

  • N/A

  • May 10, 2023

  • December 31, 2024

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 40.00

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 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$)
Jan 11, 2024 IDA-74810 Loan Commitment 40,000,000.00
May 7, 2024 IDA-74810 Loan Disb 40,301,784.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.