WASHINGTON, January 21, 2020 - The World Bank’s Board of Executive Directors today approved the following project:
Disaster Risk Management Development Policy Credit with a Catastrophe Deferred Drawdown Option for Grenada.
IDA credit: US$20 million
Terms: Maturity = 40 Years Grace = 10 Years
Project ID: P171465
The project’s objective is to support the efforts of the Government of Grenada in mobilizing resources in the aftermath of a disaster triggered by natural hazards, including public-health related events; and support the country’s reform program to build comprehensive resilience to disaster and climate risks.