The general objective of this regional technical cooperation (TC) is to strengthen the financial resilience to LAC countries to climate extremes and natural disasters by supporting the implementation of IDB Regional Disaster Risk Transfer Program. The specific objectives are to (i) support governments in structuring and implementing risk transfer solutions that enable the transfer of climate and disaster risks to the reinsurance and capital markets; and (ii) strengthen the institutional capacity of governments for disaster preparedness, response and recovery.
Project Detail
Country
Regional
Project Number
RG-T4832
Approval Date
-
Project Status
Preparation
Project Type
Technical Cooperation
Sector
FINANCIAL MARKETS
Subsector
RISK FINANCING
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 2,000,000.00
Country Counterpart Financing
-
Original Amount Approved
USD 1,000,000.00