Contingent Loan for Natural Disaster and Public Health Emergencies

General objective: Contribute to soften the impact that a natural disaster or a public health event of severe or catastrophic magnitude could have on the country's public finances. Specific objective: Improve the financial management of natural disaster and public health risks by increasing stable, cost-efficient, and rapidly accessible contingent financing to cover extraordinary public expenditures to aid the population affected by natural disaster and public health emergencies.

Project Detail

Country

Colombia

Project Number

CO-O0018

Approval Date

April 16, 2025

Project Status

Implementation

Project Type

Container

Sector

FINANCIAL MARKETS

Subsector

RISK FINANCING

Lending Instrument

Lending Instrument Code

Modality

Facility

Facility Type

CCF (Contingent Credit Financing for Natural Disasters)

Environmental and Social Impact Category (ESIC)

Total Cost

USD 400,000,000.00

Country Counterpart Financing

Original Amount Approved

USD 400,000,000.00

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0001643-2067336360-114

Loan Proposal

Colombia. Propuesta de Prestamo Contingente para Emergencias por Desastres Naturales y de Salud Publica.pdf

Mar. 20, 2025

Spanish

https://www.iadb.org/document.cfm?id=EZIDB0001643-2067336360-115

Loan Proposal

Colombia. Proposal of Contingent Loan for Natural Disaster and Public Health Emergencies.pdf

Mar. 19, 2025

English