Nepal Development Policy Financing with CAT DDO

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The development objective Development Policy Financing with a Catastrophe Deferred Drawdown Option (Cat DDO) and Pandemic Emergency Financing Facility Project for Nepal to support the government in enhancing its technical and institutional capacity to manage the risk of climate change and natural disasters including disease outbreaks. The project development objective (PDO) will be achieved by supporting policy reforms under three pillars: (i) improving the climate and disaster risk management institutional and regulatory framework; (ii) integrating climate and disaster resilience in key sectors; and (iii) enhancing human health crisis preparedness and response. The Cat DDO will incorporate ex-ante arrangements for co-financing from the Pandemic Emergency Financing (PEF). Where possible, this Cat DDO-PEF operation will complement and will be complemented by . other potential DRM interventions or Bank projects with Disaster Risk Management (DRM) components. The Cat DDO-PEF operation will support the government of Nepal (GoN’s) efforts to advance and consolidate its ongoing DRM program, and further enhance preparedness for response in case of large-scale disasters.