Contingent Loan for Natural Disaster Emergencies

closed

The project's objective is to contribute to cushioning the impact of a severe or catastrophic natural disaster on the public finances by increasing the availability, stability, and efficiency of contingent financing for emergencies created by these types of events. The operation also seeks to improve the country's integrated disaster risk management by fostering improvements in the five strategic areas of the Integrated Natural Disaster Risk Management(INDRM) Program: (i) governance and development of the governing framework; (ii) risk identification and awareness; (iii) risk reduction; (iv) disaster management; and (v) financial risk management