Caribbean Regional Oceanscape Project (WB-P159653)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
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
Sep 25, 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
OECS Commission
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Law and Government
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)
$ 6.30 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 6.30 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)
$ 6.30 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 27, 2018

Disclosed by Bank May 19, 2016


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Project Description

According to the World Bank, this project will address three components related to capacity building for ocean governance and coastal and marine geospatial planning. The first goal is to strengthen governance through development of coastal and marine spatial plans and associated training, development of national ocean strategies and policies, and enhancing alignment of regional ocean poicy with the UN's Sustainable Development Goals. The second objective is to strengthen knowledge of institutions and citizens for ocean governance. Last, the project aims to ensure effective project implementation, monitoring of activities, and final project evaluation through management, assessment, and monitoring. 

The borrower, the Organisation of Eastern Caribbean States (OECS) Commission, is composed of the following countries:

Antigua and Barbuda
Commonwealth of Dominica
Grenada
Montserrat
The Federation of St. Kitts and Nevis
Saint Lucia
St Vincent and The Grenadines
British Virgin Islands
Anguilla
Martinique. 

For more information on the borrowing organisation, visit their website. http://www.oecs.org/about-us 

Investment Description
  • World Bank (WB)
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.