Barbados Disaster Risk Management Cat DDO

About this project

The country has experienced high economic volatility and stalled development since 1994. In May 2024, the World Bank approved the GoB's request to access IBRD financing considering (i) the country's vulnerabilities, which are exacerbated by the increasing frequency of climate-related disasters and global shocks; (ii) its lack of access to external capital markets on reasonable terms; and (iii) the need to strengthen key institutions for economic and social development. Barbados received exceptional IBRD financing four times after graduating from IBRD: (i) two loans for multi-country HIV-AIDS investment projects in the financial year (FY)01 and fy09; (ii) A US100 million dollar development policy loan (DPL) in FY21 for COVID-19 response and recovery; (iii) a US100 million dollars green and resilient recovery DPL in FY23 to scale up resilient recovery with a focus on climate adaptation and mitigation to promote low carbon economic development. The World Bank has also provided analytical and advisory services across various sectors since Barbadoss graduation. In response to Hurricane Beryl, in FY25, Barbados first investment project financing loan for the Beryl Emergency Response and Recovery Project (BERRP, P507190) for US54 million dollars was approved to support the recovery of the fisheries sector and strengthen coastal protection, emergency management, and infrastructure resilience. This US30 million dollars Disaster Risk Management Development Policy Loan with Catastrophe…

Published by

World Bank · Multilateral

Countries

Barbados

Sectors

Multi-hazard response preparednessEnvironmental policy and administrative managementFishing policy and administrative managementSocial protection and welfare services policy, planning and administration

Places

Bridgetown

Funded by

International Bank for Reconstruction and Development

Implemented by

Ministry of Finance, Economic Affairs and Investment

Accountable

Barbados

Passes funds through

International Bank for Reconstruction and Development

Published by World Bank to the International Aid Transparency Initiative (IATI), last updated 3 Oct 2026 and imported automatically. IATI identifier: 44000-P507916.

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