Dominican Republic Second DRM Development Policy Loan with a Catastrophe Deferred Drawdown Option

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The development objective of the Second Disaster Risk Management (DRM) Development Policy Loan with a Catastrophe Deferred Drawdown Option for Dominican Republic is to support the Government of Dominican Republic (GoDR’s) management of risks resulting from natural and public health adverse events, by: (i) strengthening disaster risk reduction in territorial planning and the housing sector, and (ii) strengthening disaster risk preparedness, response, and recovery through shock-responsive social protection and fiscal risk management. This operation contributes to the GoDR’s objective of enhancing resilience to disasters, as articulated in the 2030 national strategy for development created in 2012. The operation also provides a critical line of contingency financing and is part of the GoDR’s fiscal strategy to address contingent liabilities associated with adverse natural and public health-related events and climate-related shocks.