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BA-L1056 : Programme to Strengthen Public Policy and Fiscal Management in Response to the Health and Economic Crisis Caused by COVID-19 in Barbados II

Project Status: Closed

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

Project Number
BA-L1056
Project Country
Barbados
Project Sector
REFORM / MODERNIZATION OF THE STATE
Project Subsector
FISCAL POLICY FOR SUSTAINABILITY AND GROWTH
Project Type
Loan Operation
Project Lending Type
SG
Project Modality
PBP (Programmatic Policy Base Loan)
Project Facility Type
Environmental and social impact category
N/A
Project Status
Closed
Operation Number
5720/OC-BA

Financial Information

Project Number
BA-L1056
Project Status
Closed

IDB Financing

Financing type
FFF
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Mar/21/2023

Roles & Responsibilities

Contract signature date
Feb/28/2023

Project Information

Total Cost
USD 100,000,000
Country counterpart financing
USD 0
Amount
USD 100,000,000