The attached Report appraises a proposal for a loan to the Government of Barbados (GOBD) to finance the construction of a new permanent marine outfall for the South Coast Sewerage System (SCSS) (the Project). The new outfall is a critical component of GOBD’s response to addressing issues with SCSS, which affected the island to such an extent that the situation was termed a national crisis. The Project is estimated to cost a total of USD42.315 million (mn) with GOBD’s counterpart contribution being USD12.515 mn.