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LOANS & CREDITS June 25, 2020

Saint Vincent and the Grenadines ¨C Second Fiscal Reform and Resilience Development Policy Credit with Catastrophe Deferred Drawdown Option (Cat DDO)

WASHINGTON, June 25, 2020 ¨C ľ¹ÏÓ°Ôº¡¯s Board of Executive Directors approved the following project:

Second Fiscal Reform and Resilience Development Policy Credit with Catastrophe Deferred Drawdown Option (Cat DDO)

IDA credits:

Second Fiscal Reform and Resilience Development Policy Credit: US$20 million

Cat DDO: US $20 million

Terms: Maturity = 40 years; Grace = 10 years

Project ID: P69956

Project Description: The objective of the project is to support the Government of Saint Vincent and the Grenadines in (i) responding to the COVID-19 pandemic to protect the vulnerable; (ii) strengthening fiscal resilience; and (iii) enhancing climate and disaster resilience.

Last Updated: Jun 25, 2020


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