RMI Contingent Emergency Response Project

2026-07-22

The proposed Republic of the Marshall Islands (RMI) Contingent Emergency Response Project (CERP) is an Investment Project Financing (IPF) operation prepared in advance to enable a rapid and flexible response to eligible crises or emergencies, including natural disasters and climate-related shocks. The project does not have financing committed at approval; instead, it serves as a standing vehicle through which resources can be rapidly repurposed and channeled once an eligible emergency is declared.Upon activation, the CERP would provide quick-disbursing financing to support the Government of the Republic of the Marshall Islands in meeting urgent response and early recovery needs. Eligible expenditures would be limited to a positive list of essential emergency activities designed to stabilize conditions and protect lives and livelihoods, including emergency goods and services, temporary support to affected households, and other critical expenditures with minimal physical footprint and streamlined environmental and social risk management.The CERP will remain active for up to six years and may be activated multiple times during its lifetime. Each activation will support a short implementation period, expected not to exceed 12 months. Implementation arrangements and fiduciary, environmental, and social procedures will be established upfront, building on existing national systems and preparedness frameworks, to ensure that funds can be accessed and disbursed rapidly when needed. The operation strengthens RMI’s overall crisis preparedness architecture and complements ongoing resilience investments by providing predictable, timely financing to respond to shocks.

Marshall Islands

2026-06-01