Programme to Strengthen Public Policy and Fiscal Management in Response to the Health and Economic Crisis Caused by COVID-19 in Barbados II

The general development objective is to strengthen the efficiency and effectiveness of public policy and fiscal management in Barbados in response to the health and economic crisis caused by COVID 19, through the design and implementation of effective and fiscally responsible policy measures. The specific development objectives are to: (i) promote the availability and timely execution of public resources to respond to the health crisis caused by COVID-19; (ii) strengthen the countercyclical effect of fiscal policy through the temporary introduction of measures to protect the income of vulnerable households and increase liquidity for businesses during the health and economic crisis; and (iii) promote economic and fiscal recovery during the post pandemic period.

Project Detail

Country

Barbados

Project Number

BA-L1056

Approval Date

December 14, 2022

Project Status

Closed

Project Type

Loan Operation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

FISCAL POLICY FOR SUSTAINABILITY AND GROWTH

Lending Instrument

Policy-Based Loan

Lending Instrument Code

PBL

Modality

PBP (Programmatic Policy Base Loan)

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 100,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 100,000,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
5720/OC-BA	Sovereign Guaranteed	USD - United States Dollar	May. 15, 2025	Feb. 28, 2023	Ordinary Capital	Flexible Financing Facility

Operation Number

5720/OC-BA

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: May. 15, 2025
Signed Date: Feb. 28, 2023
Fund: Ordinary Capital
Financial Instrument: Flexible Financing Facility

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-43400

Project Monitoring Report ( Public version)

BA-L1056 Second period Jan-Dec 2022 - Public Report.PDF

Jul. 19, 2023

English

https://www.iadb.org/document.cfm?id=EZIDB0000366-2056220512-9253

Loan Contract

Contract - Programme to Strengthen Public Policy and Fiscal Management in Response to the Health and Economic Crisis Caused by COVID-19 in Barbados II.pdf

Mar. 17, 2023

English

https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49709

Loan Contract

Programa de Fortalecimiento de la Política Pública y la Gestión Fiscal para la Atención de la Crisis Sanitaria y Económica Causada por la COVID-19 en

Dec. 21, 2022

Spanish

https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49708

Loan Contract

Programme to Strengthen Public Policy and Fiscal Management in Response to the Health and Economic Crisis Caused by COVID-19 in Barbados II.pdf

Dec. 21, 2022

English

https://www.iadb.org/document.cfm?id=EZSHARE-1630959431-27

Loan Proposal

BA-L1056 - Loan proposal.pdf

Nov. 30, 2022

English

https://www.iadb.org/document.cfm?id=EZSHARE-1630959431-28

Loan Proposal

BA-L1056 - Propuesta de prestamo.pdf

Nov. 30, 2022

Spanish