WASHINGTON, June 25, 2020 – The World Bank’s Board of Executive Directors approved the following project:
Second Fiscal Reform and Resilience Development Policy Credit with Catastrophe Deferred Drawdown Option (Cat DDO)
IDA credits:
Second Fiscal Reform and Resilience Development Policy Credit: US$20 million
Cat DDO: US $20 million
Terms: Maturity = 40 years; Grace = 10 years
Project ID: P69956
Project Description: The objective of the project is to support the Government of Saint Vincent and the Grenadines in (i) responding to the COVID-19 pandemic to protect the vulnerable; (ii) strengthening fiscal resilience; and (iii) enhancing climate and disaster resilience.
Last Updated: Jun 25, 2020
