Contingent Loan for Natural Disaster Emergencies

implementation

The objective of the project is to alleviate the impact that a severe or catastrophic natural disaster could have on the country's finances by increasing the availability, stability and efficiency of contingent financing to address emergencies. Additionally, the operation seeks to enhance the comprehensive risk management of Ecuador by fostering improvements in five main areas to be monitored through the Comprehensive Natural Disaster Risk Management Program (CDRMP): (i) disaster risk management governance; (ii) risk identification; (iii) risk reduction; (iv) preparedness and response; and (v) financial protection.