Contingent Loan for Natural Disaster and Public Health Emergencies

The general objective of the project is to help cushion the impact that a severe or catastrophic natural disaster or a public health event could have on the country's public finances. The specific objective is to improve the financial management of the risks of natural disasters and public health by increasing stable contingent financing, cost efficient and quickly accessible to cover extraordinary public expenses aimed at the attention of the population affected by natural disasters and public health emergencies.

Project Detail

Country

Uruguay

Project Number

UR-O1157

Approval Date

December 16, 2020

Project Status

Implementation

Project Type

Container

Sector

FINANCIAL MARKETS

Subsector

RISK FINANCING

Lending Instrument

Lending Instrument Code

Modality

Facility

Facility Type

CCF (Contingent Credit Financing for Natural Disasters)

Environmental and Social Impact Category (ESIC)

Category B13: Uncategorized Directive B.13

Total Cost

USD 100,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 100,000,000.00