The Sint Maarten Trust Fund finances projects implemented by the National Recovery Program Bureau on behalf of the Government of Sint Maarten and its partner organizations. Analytical Work and technical assistance are implemented for Sint Maarten by the World Bank. Allocations are made according to decisions of the Trust Fund Steering Committee.

ABOUT THE TRUST FUND

The Sint Maarten Recovery, Reconstruction and Resilience Trust Fund responds to the devastation caused by Hurricane Irma in Sint Maarten in September 2017.

The Trust Fund is financed by the Government of the Netherlands for up to 470 million Euro (US$ 553M equivalent), administered by the World Bank, and its activities are implemented by the National Recovery Program Bureau on behalf of the Government of Sint Maarten and  its partner organizations.

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Highlights

  • SMMC enforces COVID care facility for greater storm resilience, in part funded by the SXM Trust Fund [VIDEO] More+++

  • World Bank Program Manager for SXM Trust Fund Michelle Keane shares opening remarks at ESP launch More+++

  • Sint Maarten Trust Fund Launches Enterprise Support Project More+++

  • Sint Maarten Trust Fund Civil Society Partnership Facility to Finance Local CSOs’ Community Resilience Initiatives More+++

Trust Fund Activities

The Sint Maarten Trust Fund finances projects implemented by the National Recovery Program Bureau on behalf of the Government of Sint Maarten and its partner organizations. Analytical Work and technical assistance are implemented for Sint Maarten by the World Bank. Allocations are made according to decisions of the Trust Fund Steering Committee.

Transferred Funds

On April 16, 2018, the Government of the Netherlands and the World Bank formally established the Trust Fund for the benefit of Sint-Maarten’s post-Irma recovery. Up to 470 million Euro (US $ 553 million) was originally allocated by the Government of the Netherlands.  To date, $305 million has been transferred.

305

US$ million

Actual Portfolio

After allocation by the Steering Committee, TF resources are committed for projects by the World Bank and funds are made available to Sint Maarten.

 

249.1

US$ million

Disbursements

Disbursement indicates a transfer of funds to Sint Maarten's National Recovery Program Bureau (NRPB) and other implementation partners.

75.1

US$ million

Burn Rate

Burn rate is the percentage of money spent during a period of time. 

30.2%

Estimated Allocation Amount Click project Title for the Public Information Document (PID) Additional Information is forthcoming

Analytical Work

Status
Promote Sustainable Economic Recovery
● Support to Creation of the National Recovery and Resilience Plan Completed
● Air Screening Results at Pond Island Municipal Waste Disposal and Temporary Debris Sites Completed
● Long Term Waste Solutions (coming soon) Ongoing
● Tourism Sector Recovery Strategy Support Completed
Invest in Citizens and Resilient Communities
● Rapid Housing Sector Assessment Completed
Build the foundation and capacity to improve long term resilience and good governance
● Country Environmental Analysis (coming soon) Completed
● Shelter Policy (coming soon) Completed
● Public Expenditure Review (coming soon) Ongoing
● National Risk Assessment – NRA (AML/CTF) Ongoing
● E-Government Strategy (coming soon) Ongoing

Overview

Strategic Documents

ALLOCATION OF FUNDS

Funds that are allocated for TF activities

Last Updated: 05 Sep 2020