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BH-L1049 : Contingent Loan for Natural Disaster Emergencies

Project Status: Implementation

The objective of the operation is to alleviate the impact that a severe or catastrophic natural disaster could have on the country's finances, by increasing the availability, stability, and efficiency of contingent financing to address emergencies. Additionally, the operation seeks to enhance the comprehensive disaster risk management of the country by fostering improvements in five main areas to be monitored through the Comprehensive Natural Disaster Risk Management Program (CDRMP): (i) disaster risk management governance; (ii) risk identification; (iii) risk reduction; (iv) preparation for emergency and response; and (v) financial protection and risk transfer.

Project Detail

Project Number
BH-L1049
Approval date
September 11, 2019
Project Country
Bahamas
Project Sector
FINANCIAL MARKETS
Project Subsector
FINANCIAL MARKETS-RISK FINANCING
Project Type
Loan Operation
Project Status
Implementation

Project Information

Total Cost
USD 100,000,000
Country counterpart financing
USD 0
Fund
Ordinary Capital