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Disclosable Restructuring Paper - Sint Maarten Emergency Recovery Project I - P167339 (Inglês)

The development objective of Emergency Recovery Project is to contribute to Sint Maarten’s immediate emergency recovery needs and strengthen institutional capacity to manage resilient recovery and reconstruction. This restructuring requires the following changes: (i) financing resettlement compensations to beneficiaries for temporary resettlement under the roof repair programs; (b) to broaden the scope of the government-led roof repairs program; (c) to include goods and services as eligible costs for retroactive financing; and (d) to update legal conditions and legal covenants, and adjust withdrawal categories.

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