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Contingent Loan for Natural Disaster Emergencies - Hurricane Julia
The objective of the operation is to mitigate the impact of severe or catastrophic natural disasters on the public finances of Nicaragua by increasing the availability, stability, and efficiency of contingent financing to respond to emergencies caused by such events. The specific objective of the operation is to make liquid resources more readily available and to increase the stability and efficiency of the country's ex ante financial coverage in order to promptly cover the extraordinary expenses that are likely to arise during emergencies caused by severe or catastrophic natural disasters.

Project Detail

Country

Nicaragua

Project Number

NI-L1164

Approval Date

October 28, 2022

Project Status

Closed

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

RISK FINANCING

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

CND (Contingency for Natural Disasters)

Facility Type

-

Environmental Classification

-

Total Cost

USD 10,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 10,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5632/BL-NI Sovereign Guaranteed USD - United States Dollar Ordinary Capital Contingent Loan for Natural Disasters
Operation Number 5632/BL-NI
  • 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=EZIDB0000398-554849838-7
Loan Proposal
CONTINGENT LOAN PROPOSAL NOTIFICATION TO THE PUBLIC NI-L1164.docx
Mar. 26, 2024
English
https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-8498
Loan Contract
Contrato Modificatorio No 1 - Préstamo Contingente para Emergencias por Desastres Naturales.pdf
Mar. 21, 2024
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-4198
Loan Contract
Contrato - Préstamo Contingente para Emergencias por Desastres Naturales [38585964].PDF
Mar. 21, 2024
Spanish

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