Bolivia Disaster Risk Managment DPC and DPL

closed

The Disaster Risk Management Development Policy Credit and Loan Project for Bolivia is requesting funding that will contribute to the Bolivian government’s efforts to sustain and increase shared prosperity and reducing poverty of the past years. While considerable progress has been made in the past years ensuring an effective management of emergency and disaster situations, Bolivia still has shortcomings towards building a comprehensive DRM system. The main objective of the proposed operation is to strengthen the legal and institutional framework for a comprehensive management of disaster and climate risks. The project is broken up into three pillars that the operation will focus on. Pillar 1: Strengthening Disaster Risk Reduction and Adaptation to Climate Change. This pillar is focused on the reforms that will allow the Government to establish the institutional and legal framework to integrate DRM and CCA considerations into national development planning and public investment systems. Reforms in this pillar focus on tackling existing gaps for the integration of disaster risk reduction and climate change adaptation considerations into the national development planning and public investment systems. Pillar 2: Strengthening Institutional Coordination for Emergency Response and Management. This pillar supports the establishment of the necessary legal framework for the coordination mechanisms among all levels of government to respond efficiently to disaster emergencies. The current Recovery and Emergency Response and Management Systems lack of mechanisms for a strong coordination between different levels of government and proper tools and instruments to enhance its operational effectiveness. Pillar 3: Reducing the fiscal impact and improving Bolivia’s capacity to respond financially to disasters associated with adverse natural events. This pillar supports reforms that enable national, departmental and local governments to strengthen the legal and institutional framework to increase fiscal resilience to disasters. A proactive management of fiscal impacts of disasters can help Bolivia to: (i) improve disaster recovery and reconstruction speed; (ii) clarify Government and private sector disaster liabilities and enable private actors’ use of insurance instruments; (iii) improve Government emergency budget execution; and, (iv) help the Government achieve better financial terms for its emergency response resource needs.