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EC-O0006 : Contingent Loan for Natural Disaster Emergencies

Project Status: Implementation

The objective of the project 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 risk management of Ecuador 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) preparedness and response; and (v) financial protection.

Project Detail

Project Number
EC-O0006
Approval date
December 18, 2019
Project Country
Ecuador
Project Sector
FINANCIAL MARKETS
Project Subsector
RISK FINANCING
Project Type
Container
Environmental and social impact category
B13
Project Status
Implementation

Project Information

Total Cost
USD 300,000,000
Country counterpart financing
USD 0
Amount
USD 300,000,000

Preparation

Title
Type
Project Number
Date Published
Project Profile
EC-O0006
October 21, 2019