Second Disaster Risk Management DPL with Catastrophe Deferred Draw Down Option

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The objective of Second Disaster Risk Management Development Policy Loan with Catastrophe Deferred Drawdown Option Project for Colombia is to strengthen the Government's program for reducing risks resulting from adverse natural events. The main policy areas are: 1) Strengthening disaster risk management institutional and planning capacity; 2) Strengthening the institutional framework and capacity for including risk assessment in land use planning; and 3) Strengthening policies and tools to reduce risk in the housing sector. The Bank's engagement will focus on: the modernization of the national disaster risk management system; improvements in the application of disaster risk analysis and management in policy making at the sectoral and territorial levels; and strengthening disaster risk management at subnational levels.