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Strengthening financial resilience in the face of natural disasters and climate change
The general objective of technical cooperation is to strengthen financial risk management and the resilience of Latin American and Caribbean (LAC) countries in the face of natural disasters and the effects of climate change. In particular, the operation seeks to: (i) support the preparation and execution of contingent loans from the Contingent Credit Facility for Natural and Public Health Disaster Emergencies (CCF). Currently, 15 countries have a current CCF contingent loan with total coverage of US$3.6 billion and 4 additional loans are in preparation; (ii) provide technical assistance to countries for the design of effective financial strategies for disaster risk management and extreme climate events, as well as the development of implementation programs for said strategies; and (iii) support countries in the execution of implementation programs, including the development of new technological tools and new financial solutions to transfer the climate risks that increasingly affect LAC (e.g., floods, El Niño, droughts).

Project Detail

Country

Regional

Project Number

RG-T4518

Approval Date

-

Project Status

Preparation

Project Type

Technical Cooperation

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

INTEGRATED DISASTER RISK MANAGEMENT

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 300,000.00

Country Counterpart Financing

-

Original Amount Approved

USD 300,000.00

Financial Information

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Preparation Phase
https://www.iadb.org/document.cfm?id=EZIDB0002147-194779237-3
TC Abstract
TC Abstract RG-T4518.pdf
May. 01, 2024
English

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