Contingent Loan for Natural Disaster and Public Health Emergencies

The general development objective is to 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. The specific development objective is to 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 expenses aimed at caring for the population affected by natural disaster and public health emergencies.

Project Detail

Country

Colombia

Project Number

CO-O0018

Approval Date

Project Status

Preparation

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

Country Counterpart Financing

Original Amount Approved

USD 400,000,000.00

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Preparation Phase

https://www.iadb.org/document.cfm?id=EZIDB0001643-2067336360-41

Project Profile

CO-O0018 - PP aprobado para divulgacion.pdf

May. 17, 2024

Spanish

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