Program to Strengthen Social Services in Barbados

The general objective is to strengthen the effectiveness and efficiency of social policies and sustainability of social security in Barbados. The specific objectives are to: (i) improve the administrative efficiency of contributory and non-contributory social protection; (ii) strengthen the institutional and normative framework to improve coverage and quality of policies to promote gender equality, inclusion of PwD, and the protection of vulnerable groups; and (iii) strengthen the long run sustainability of social security.

Project Detail

Country

Barbados

Project Number

BA-L1060

Approval Date

November 29, 2023

Project Status

Closed

Project Type

Loan Operation

Sector

SOCIAL INVESTMENT

Subsector

PENSIONS & SOCIAL SECURITY

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

Original Amount Approved

USD 100,000,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
5827/OC-BA	Sovereign Guaranteed	USD - United States Dollar	Dec. 4, 2024	Dec. 7, 2023	Ordinary Capital	Flexible Financing Facility

Operation Number

5827/OC-BA

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Dec. 4, 2024
Signed Date: Dec. 7, 2023
Fund: Ordinary Capital
Financial Instrument: Flexible Financing Facility

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