Catastrophe Development Policy Loan DDO

closed

Closed

The objective of the Development Policy Loan with a Catastrophe Deferred Drawdown Option Program for Peru is to strengthen the Government's capacity to mobilize resources in the case of disaster and to promote risk reduction. The Government of Peru (GoP) will begin implementing the Strategic Budget Program for Disaster Vulnerability Reduction and Emergency Response (Programa Presupuestal Estrategico de Reduccion de Vulnerabilidad y Atencion de Emergencias por Desastres, PPE-RVAE) under the results-based budgeting framework and will focus primarily on health, water and sanitation as priority sectors. In addition, the formulation of an overall financial strategy, while seeking the right balance of emergency funds, excellent debt management service, and greater market access to additional funding, may be considered one of the key aspects of this operation. Throughout this process, the Ministry of Economy and Finance (MEF) aims to increase its capacity to mobilize resources in the event of a disaster and to strengthen financial and technical mechanisms related to investments in vulnerability reduction. The GoP is implementing a set of activities related to disaster risk management under the framework of a national vulnerability reduction policy. This document describes the actions undertaken to date by the GoP in support of these activities. The Bank agrees that this national policy constitutes a good foundation to further reduce the country's exposure to disaster risk in a sustainable manner.

FY17 - Education,FY17 - Health,FY17 - Public Administration,FY17 - Transportation,FY17 - Water, Sanitation and Waste Management

World Bank Group

Project

Water Supply and Storage, Waste Processing and Treatment, Hospital, Government, Education