Program for Strengthening Fiscal Policy and Management of the Extractive Industries in the Effects of the COVID-19 Crisis

The objective of technical cooperation (TC) is to support governments in the region strengthen fiscal policies to manage extractive industries (EI) during the pandemic caused by COVID-19 and the ensuing oil price shock. Specifically, this TC will (i) develop diagnostics of the dual impact of COVID-19 crisis and oil price shock in economies that heavily rely on extractive industries and that are suffering due to measures imposed by the countries to manage the spread of the virus; (ii) assist in the formulation of fiscal policy responses for immediate actions and reduction of the fiscal stress in the medium and long-term, (iii) assist the governments in developing fiscal recovery plans for the post-pandemic period mostly affected by the macro-fiscal shock , and (iv) disseminate diagnostics and plans to strengthen institutional capacity to promote the use of sound fiscal policies in the post pandemic period.

Project Detail

Country

Regional

Project Number

RG-T3666

Approval Date

July 7, 2020

Project Status

Closed

Project Type

Technical Cooperation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

FISCAL POLICY FOR SUSTAINABILITY AND GROWTH

Lending Instrument

Lending Instrument Code

Modality

Facility Type

Environmental Classification

Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 150,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 150,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
ATN/OC-18087-RG	Sovereign Guaranteed	USD - United States Dollar	Jul. 22, 2024	Jul. 7, 2020	Ordinary Capital	Nonreimbursable

Operation Number

ATN/OC-18087-RG

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Jul. 22, 2024
Signed Date: Jul. 7, 2020
Fund: Ordinary Capital
Financial Instrument: Nonreimbursable

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