Contingent Loan for Natural Disaster Emergencies
The objective of the operation is to help cushion the impact of Hurricane Maria on the country's public finances by disbursing immediate financial resources to cope with the emergency response caused by this event. These resources come from contingent credit DR-X1003. Hurricane Maria brought heavy rains and winds to the areas of the country closest to its trajectory. The cyclone caused floods and landslides that affected bridges, roads, electricity and the provision of drinking water in some areas. Additionally, the event affected housing infrastructure, generating the displacement of population to shelters.

Project Detail

Country

Dominican Republic

Project Number

DR-L1125

Approval Date

October 13, 2017

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

FINANCIAL MARKETS

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

CND (Contingency for Natural Disasters)

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category B13: Uncategorized Directive B.13

Total Cost

USD 16,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 16,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
4331/OC-DR Sovereign Guaranteed USD - United States Dollar Ordinary Capital Contingent Loan for Natural Disasters
Operation Number 4331/OC-DR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Contingent Loan for Natural Disasters

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000215-524716534-9
Loan Proposal
CONTINGENT LOAN PROPOSAL NOTIFICATION TO THE PUBLIC DR-L1125.docx
Mar. 26, 2024
English
https://www.iadb.org/document.cfm?id=EZSHARE-522669563-32248
Project Monitoring Report ( Public version)
DR-L1125 Second period Jan-Dec 2018-Public Report.pdf
Oct. 15, 2019
English
 Closed Phase
https://www.iadb.org/document.cfm?id=EZSHARE-524716534-6
Project Completion Report
PCR-DR-L1125_aprobado.pdf
Jan. 28, 2021
Spanish

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