The general objective of development is to help cushion the impact that a severe or catastrophic natural disaster or public health event could have on the country's public finances. The specific objective of development 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 assisting the population affected by natural disaster and public health emergencies.
Project Detail
Country
Ecuador
Project Number
EC-L1311
Approval Date
March 18, 2025
Project Status
Implementation
Project Type
Loan Operation
Sector
FINANCIAL MARKETS
Subsector
RISK FINANCING
Lending Instrument
Investment Loan
Lending Instrument Code
INV
Modality
CND (Contingency for Natural Disasters)
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 11,900,000.00
Country Counterpart Financing
-
Original Amount Approved
USD 11,900,000.00