Contingent Loan for Natural Disaster Emergencies

implementation

The objective of the operation is to mitigate the impact of severe or catastrophic natural disasters on the public finances of Nicaragua by increasing the availability, stability, and efficiency of contingent financing to respond to emergencies caused by such events.The specific objective of the operation is to make liquid resources more readily available and to increase the stability and efficiency of the country's ex ante financial coverage in order to promptly cover the extraordinary expenses that are likely to arise during emergencies caused by severe or catastrophic natural disasters.