Strengthening Moldova's Disaster Risk Management and Climate Resilience

dropped

Failure

The proposed Project is envisaged as part of a long-term strategic engagement on disaster risk management and climate resilience in Moldova, with this first Project focusing on investments and institutional strengthening for emergency preparedness and response, laying the ground for future support for risk reduction investments at scale. The Project will address immediate needs required to enhance the operational readiness of emergency institutions and personnel and proposes operationalizing an updated early warning system (EWS) to allow for more timely and accurate warnings to save lives and reduce losses and damages, including those resulting from weather and climate events. The Project would also lay the foundations for potential subsequent investment projects by identifying and addressing existing risks in the built environment, and fostering a culture of financial protection and risk-sensitive development. Below is a summary of the Project components and their estimated financing.Component 1 – Investments and Institutional Strengthening for Emergency Preparedness and Response (US$30 million): This component will finance the procurement and installation of a national cell-phone-based EWS with its respective instrumentation and data servers, and integration with existing meteorological, hydrological, and geological resource information systems. The component will also finance the acquisition of emergency response vehicles and equipment, and essential equipment and instrumentation for improved local-level emergency services. The component will also support strengthening SHS service delivery. The following sub-components are envisaged:Sub-component 1.1 - Strengthening Emergency Response and PreparednessSub-component 1.2 - Improving Hydrometeorological ServicesSub-component 1.3 - Institutional Strengthening for Emergency Preparedness and ResponseComponent 2 – Policy, Regulatory and Investment Support for Risk Reduction of Critical Infrastructure (US$5 million): This component will provide support to policy and regulatory measures and technical studies to better assess and manage natural hazard and climate related risks. This could include financing of the structural vulnerability assessments, geotechnical and other site investigations, as well as feasibility and design studies for rehabilitating, rebuilding, or reinforcing vulnerable critical infrastructure assets whose failure may cause loss of lives and livelihoods and significant economic damages and losses to the Moldovan economy. Activities financed under this component are intended to be used as pilots of good practices and later used as models for scale-up investments in the areas of flood protection, irrigation and/or seismic risk reduction. The component will support two sub-components:Subcomponent 2.1 - Policy and Regulatory Support to Reduce RisksSubcomponent 2.2 - Feasibility studies for selected risk reduction investments of critical infrastructureComponent 3 – Financial Protection to Mitigate Natural Disaster Impacts (US$ 1 million): This will support the development of strategic frameworks for risk finance to define government objectives for strengthening Moldova’s financial resilience to climate, disaster and other shocks and identify actions for implementation including putting in place new risk financing solutions or strengthening existing ones. It will then support its implementation focusing on embedding disaster risk considerations in government budget cycle including through either/and (i) assessing fiscal risks caused by disasters, (ii) strengthening post-disaster expenditure monitoring, and (iii) implementing risk-based budgeting. To further implement the strategy, this component will also finance development of a technical design / documentation for creating a dedicated disaster reserve fund, and potentially developing public asset insurance program and/or a catastrophe insurance program for households based on the identified priorities of the government. Component 4 – Contingency Emergency Response Component (CERC) (US$0.00): This component will enable the reallocation of credit proceeds from other components to provide immediate recovery and reconstruction support following an eligible crisis or emergency, as needed.Component 5 – Project Management (US$4 million)

FY17 - Social Protection

World Bank Group

Project

Water Supply and Storage, Automotive, Government