The proposed operation is the second of a series of three Development Policy Financing. The first operation (P159010) in the amount equivalent to US$5 million was approved by the Board on November 30, 2016. The government is benefiting from a more than fourfold increase in its IDA allocation. As a result, the World Bank is gradually building up its knowledge and program in this small-island country.
The objective of this operation is to help the government introduce growth-enabling reforms in the financial sector, business environment, and infrastructure; generate fiscal resources and savings; and improve quality of expenditures. These reforms address the causes of the development challenges and risks to growth faced by STP. The operation is structured in two pillars.
Contact: Ginésio da Mata
Title: Budget Director
Tel: 239 2221083
Ministry of Finance, Trade and Blue Economy
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