[CAPITAL INFLUX]RAW INTERCEPT / world-bank-approves-additional-financing-request-3-for-st-maartens-fostering-resilient-learning-project-p172753-to-cover-inflation-related-cost-overruns-and-extend-project-timeline-to-end-2027
World Bank approves Additional Financing Request 3 for St Maarten's FOSTERING RESILIENT LEARNING PROJECT (P172753) to cover inflation-related cost overruns and extend project timeline to end-2027.
World Bank approves additional financing for St Maarten's education project to cover inflation-related cost overruns across Components 1-4 and fund new Component 6 for construction/rehabilitation activities transferred from Emergency Response Project.
MAGNITUDE
MAG-7
CONFIDENCE
85%
RECEIVED
7 days ago
INTERCEPT READOUT
"Additional funds would be allocated to Components 1, 2 and 3 and 4 to cover inflation related cost overruns causing a financing gap. The Additional Financing will also allow to finance a new Component (6), hosting the construction and rehabilitation activities transferred from the Emergency Response Project (ERP1)."
- TARGET STATE
- Flush with additional World Bank funding, facing inflation-driven cost overruns, with all major contracts awarded but works ongoing and requiring extended timeline to end-2027.
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