Provides rapid financial support for addressing the effects of disasters. It focuses on two key actions: (i) preventing and mitigating disasters caused by natural hazards through proactive programming at regional, national, and local levels; and (ii) responding to post-disaster impacts, including damage from technological accidents or human-induced disasters. IRF resources are restricted to funding property damage repairs needed to restore essential services to the population immediately after a disaster occurs.
Examples: Contribute to immediate aid to restore essential services and infrastructure after disasters.
Lending rate: : SOFR base rate + IDB Ordinary Capital variable lending spread:
SOFR base rate is USD SOFR daily overnight compounded rate + IDB's funding margin. Funding margin for 1st quarter 2025 is 41 bps.
IDB’s Ordinary Capital lending spread - for 2025 is 80 bps.
Fees: Commitment fee 50 bps; applicable on undisbursed loan amount and starts to accrue 60 days after loan contract signature.
Interest and Currency conversion options are available.
For applicable loan charges and conversion option fees, please refer to www.iadb.org/rates
Flexible repayment options subject to a maximum maturity of 25 years, and maximum Weighted Average Life (WAL) of 15.25 years.
Standard Grace Period: 5.5 years.
Standard amortization schedule (semiannual, straight-line payments), bullet repayment structures, extended grace periods, uneven amortization schedules, and shorter repayment periods are available without additional cost.
This emergency program was launched to restore connectivity and essential services in southern Haiti following the devastating effects of Hurricane Matthew in October 2016. With a total funding of $20 million, the program rehabilitated critical road infrastructure and solar-based electrical systems in the departments of Grande-Anse, Nippes, and Sud. It aimed to reestablish access for over 1.28 million people to roads and electricity, enhancing resilience and recovery efforts in the affected areas.
The program successfully restored road connectivity for 1,286,810 residents along hurricane-damaged routes, rehabilitated 450 km of roads, and repaired solar mini-grids that provided regular electricity to 1,512 users, surpassing the initial target of 965 users. The program also introduced resilient designs for roads and electrical systems, including compliance with hurricane-resistant standards. Institutional strengthening of the Ministry of Public Works and other local agencies ensured efficient implementation and sustainability of the restored infrastructure.
