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BH-U0001 : Building a Social and Inclusive Blue Economy in The Bahamas

Project Status: Implementation

The general objective is promoting a more productive and healthier ocean in The Bahamas. The specific objectives are: (i) promoting Micro, Small and Medium Enterprises (MSME) business recovery in the Blue Economy and prospecting investment projects suitable for Blue Bond financing; (ii) promoting digitalization in the Blue Economy; (iii) improving the resilience of the Blue Economy through improved climate risk management in coastal and offshore areas; (iv) promoting better management (certification, traceability and protection) of marine resources; and (v) reducing marine pollution. This project is structured as a Policy-Based Guarantee (PBG).

Project Detail

Project Number
BH-U0001
Approval date
February 18, 2022
Project Country
Bahamas
Project Sector
PRIVATE FIRMS AND SME DEVELOPMENT
Project Subsector
BUSINESS CLIMATE AND COMPETITIVENESS
Project Type
Guarantee
Project Lending Type
SG
Project Modality
Project Facility Type
Environmental and social impact category
B13
Project Status
Implementation
Operation Number
5484/OC-BH

Financial Information

Project Number
BH-U0001
Project Status
Implementation

IDB Financing

Financing type
GUA
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Jun/07/2023

Roles & Responsibilities

Contract signature date
Jun/16/2022

Project Information

Total Cost
USD 200,000,000
Country counterpart financing
USD 0
Amount
USD 200,000,000