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BA-L1027 : Four Seasons Barbados

Project Status: Cancelled

IDB's involvement in the Resort will also create significant development impact through (i) creation of 1,250 jobs during construction and 350 jobs during operations; (ii) development of a highly sustainable resort in line with Four Seasons standards and GoB criteria and objectives (iii) meaningful financial additionality as the long-term financing necessary for the successful resumption and completion of the Project is not available from local commercial banks as they typically provide shorter tenors; and, (iv) enhancement of Barbados's reputation as a luxury tourism destination.

Project Detail

Project Number
BA-L1027
Approval date
May 23, 2012
Project Country
Barbados
Project Sector
REFORM / MODERNIZATION OF THE STATE
Project Subsector
DECENTRALIZATION & INTERGOVERNMENTAL RELATIONS
Project Type
Loan Operation
Project Lending Type
NSG
Project Modality
PSL (Private Sector Loan)
Project Facility Type
Project Status
Cancelled
Operation Number
2726A/OC-BA

Financial Information

Project Number
BA-L1027
Project Status
Cancelled

IDB Financing

Financing type
PSL
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/30/2023

Roles & Responsibilities

Project Information

Total Cost
USD 55,000,000
Country counterpart financing
USD 0
Amount
USD 55,000,000

Preparation

Title
Type
Project Number
Date Published
Environmental & Social Management Reports
BA-L1027
December 09, 2011
Environmental & Social Strategies
BA-L1027
August 31, 2011

Approved

Title
Type
Project Number
Date Published
Agreement - Financial Closing - SCF
2726A/OC-BA;BA-L1027
May 23, 2012
Agreement - Financial Closing - SCF
2726A/OC-BA;BA-L1027
May 23, 2012