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Contingent Loan for Natural Disaster Emergencies - Hurricanes Eta and Iota
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-L1163

Approval Date

December 11, 2020

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 35,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 35,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5195/BL-NI Sovereign Guaranteed USD - United States Dollar Ordinary Capital Contingent Loan for Natural Disasters
Operation Number 5195/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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Closed Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1847813917-9
NI-L1163. Prestamo Contingente para Emergencias por Desastres Naturales - Huracanes Eta e Iota (5195BL-NI). Informe de Terminacion de Proyecto (PCR).pdf
Published Jan. 16, 2023
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