St. Vincent and the Grenadines RDVRP AF (WB-P157918)

Countries
  • St. Vincent and the Grenadines
Where the impacts of the investment may be experienced.
Specific Location
Congo Valley
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 2, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of St. Vincent and the Grenadines
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 6.81 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 6.81 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jun 22, 2017

Disclosed by Bank Mar 1, 2016


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Project Description
This specific project is a request for additional financing for the parent program, P117871. The program aims at measurably reducing vulnerability to natural hazards and climate change impacts in the Eastern Caribbean Sub-region. The objective of the Project in Saint Vincent and the Grenadines is to measurably reduce vulnerability to natural hazards and climate change impacts in Saint Vincent and the Grenadines and in the Eastern Caribbean Sub-region. The achievement of the Program Development Objectives of the Regional Disaster Vulnerability Reduction Program (RDVRP) would be measured using the following key indicators: (a) Reduced risk of OECS population to failure of public buildings and infrastructure due to natural hazards or climate change impacts; and (b) Increased capacity of OECS Governments to identify and monitor climate risk and impacts. Specifically, additional financing activities would further reduce vulnerability to climate change by potentially financing: (a) reconstruction of the Chateaubelair jetty; and (b) rehabilitation of road infrastructure, including potentially: (i) realignment and upgrading of the Ginger Village road; (ii) reconstruction of bridge #2 and associated road works in Congo Valley; (iii) rehabilitation of Longline Bridge and road; and (iv) reconstruction of feeder roads. In addition, additional financing activities would scale-up overall project management, and in particular to provide adequate financial management support and technical support for supervision of civil works and to enhance the capacity of the Ministry of Transport and Works.
Investment Description
  • World Bank (WB)
The World Bank's European Commission Development Fund is granting US$6,811,043.00 of Investment Project Financing to the Ministry of Finance and Economic Planning for this project.
Contact Information
ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.