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RG-T3140 : Promoting Innovation in Financial Management of Disaster Risks and Climate Change

Project Status: Implementation

The general objective of this technical cooperation is to strengthen and promote the financial management of the risks linked to natural disasters and climate change in the countries of Latin America and the Caribbean, through the identification, development and implementation of innovative financial solutions for both public and private sectors (micro and small businesses and vulnerable households). The specific objectives are: (i) the assessment of financial vulnerabilities of the population and key productive sectors to climate risks and natural disasters; (ii) the strengthening of the technical and public policy design capacities of the relevant institutions for the financial management of climate risks and natural disasters; (iii) the development and implementation of financial instruments for the management of contingent fiscal liabilities associated with disasters and climate change; (iv) the promotion and development of local insurance markets; and (v) the development of integral and innovative solutions to assist the productive sectors and vulnerable populations to reduce and transfer their risks.

Project Detail

Project Number
RG-T3140
Approval date
November 06, 2018
Project Country
Regional
Project Sector
FINANCIAL MARKETS
Project Subsector
RISK FINANCING
Project Type
Technical Cooperation
Project Lending Type
SG
Project Modality
Project Facility Type
Environmental and social impact category
C
Project Status
Implementation
Operation Number
ATN/AC-17034-RG

Financial Information

Project Number
RG-T3140
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
NDC Pipeline Accelerator Multidonor Fund
Reporting currency
USD - United States Dollar
Reporting date
Dec/02/2022

Roles & Responsibilities

Contract signature date
Nov/06/2018
Operation Number
ATN/OC-17033-RG

Financial Information

Project Number
RG-T3140
Project Status
Implementation

IDB Financing

Financing type
TCN
Fund
Ordinary Capital
Reporting currency
USD - United States Dollar
Reporting date
Dec/02/2022

Roles & Responsibilities

Contract signature date
Nov/06/2018

Project Information

Total Cost
USD 1,000,000
Country counterpart financing
USD 0
Amount
USD 1,000,000

Preparation

Title
Type
Project Number
Date Published
TC Abstract
RG-T3140
October 26, 2018

Approved

Title
Type
Project Number
Date Published
TC Document
RG-T3140
December 15, 2021