Cabo Verde Disaster Risk Management Development Policy Financing with Cat DDO

Abstract*

The objective of the Disaster Risk Management Development Policy Financing with a Catastrophe Deferred Drawdown Option Operation is to support the Government of the Republic of Cabo Verde in: (a) strengthening the institutional and legal framework to ensure risk-informed sectoral and territorial planning; and (b) increasing the financial capacity to manage impacts associated with disaster and climate related shocks. The policy reforms included in... Show More

Development Objective

(a) Strengthening the institutional and legal framework to ensure risk-informed sectoral and territorial planning; and (b) Increasing the financial capacity to manage impacts associated with disaster and climate-related shocks.

Key Details

Project Details

Project ID
P160628
Status
Closed
Team Leader
Oscar Ishizawa Escudero
Borrower 2
Ministério das Finanças

Country
Cabo Verde
Disclosure Date
July 13, 2018
Approval Date
(as of board presentation)
June 5, 2019
Effective Date
September 4, 2019

Total Project Cost 1
US$ 8.00 million
Implementing Agency
Ministério das Finanças
Region
Western and Central Africa
Fiscal Year 3
2019

Commitment Amount
US$ 10.00 million
Environmental Category
N/A
Last Update Date
April 18, 2023
Closing Date
June 30, 2022

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Environment and Natural Resource Management

FY17 - Climate change100%
- FY17 - Adaptation100%

FY17 - Finance

FY17 - Finance for Development60%
- FY17 - Disaster Risk Finance60%

FY17 - Public Sector Management

FY17 - Data Development and Capacity Building20%
- FY17 - Data production, accessibility and use20%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management80%
- FY17 - Disaster Preparedness40%
- FY17 - Disaster Response and Recovery40%
- FY17 - Disaster Risk Reduction60%
FY17 - Urban Development20%
- FY17 - Urban Planning20%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	5.00
International Bank for Reconstruction and Development	5.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	5.00
IDA Commitment	5.00
IBRD + IDA Commitment	10.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	8.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

No data available.

Detailed Financial Activity as of March 31, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Oct 15, 2020	IDA-64240	Int Charges	17,386.06
Oct 15, 2020	IDA-64240	Int Charges	17,386.06
May 5, 2020	IDA-64240	Loan Disb	5,042,656.00
Apr 30, 2020	IBRD-89680	Loan Disb	-4,975,000.00
Apr 30, 2020	IBRD-89680	Loan Disb	4,975,000.00
Apr 30, 2020	IBRD-89680	Loan Disb	4,975,000.00
Sep 4, 2019	IBRD-89680	Loan Disb	25,000.00
Sep 4, 2019	IBRD-89680	Fee Charges	25,000.00
Sep 4, 2019	IBRD-89680	Loan Disb	25,000.00
Jun 5, 2019	IBRD-89680	Loan Commitment	5,000,000.00
Jun 5, 2019	IDA-64240	Loan Commitment	5,000,000.00
Sep 4, 2019	IBRD-89680	Loan Disb	-25,000.00
Apr 15, 2024	IDA-64240	Int Charges	315.17
Apr 15, 2024	IDA-64240	Int Charges	17,949.47
Apr 15, 2024	IBRD-89680	Int Charges	8.67
Apr 15, 2024	IBRD-89680	Int Charges	1,725.59
Apr 15, 2024	IBRD-89680	Int Charges	838.10
Apr 15, 2024	IDA-64240	Int Charges	17,949.47
Apr 15, 2024	IBRD-89680	Int Charges	169,312.47
Apr 15, 2024	IDA-64240	Int Charges	315.17
Oct 15, 2023	IBRD-89680	Int Charges	13.18
Oct 15, 2023	IBRD-89680	Int Charges	772.39
Oct 15, 2023	IBRD-89680	Int Charges	2,625.79
Oct 15, 2023	IBRD-89680	Int Charges	156,233.90
Oct 15, 2023	IDA-64240	Int Charges	18,175.14
Oct 15, 2023	IDA-64240	Int Charges	18,175.14
Oct 15, 2023	IDA-64240	Int Charges	230.93
Oct 15, 2023	IDA-64240	Int Charges	230.93
Apr 15, 2023	IDA-64240	Int Charges	608.97
Apr 15, 2023	IDA-64240	Int Charges	608.97
Apr 15, 2023	IBRD-89680	Int Charges	5,088.20
Apr 15, 2023	IBRD-89680	Int Charges	630.22
Apr 15, 2023	IBRD-89680	Int Charges	127,930.11
Apr 15, 2023	IBRD-89680	Int Charges	25.56
Oct 15, 2022	IBRD-89680	Int Charges	356.66
Oct 15, 2022	IBRD-89680	Int Charges	73,506.19
Oct 15, 2022	IDA-64240	Int Charges	477.87
Oct 15, 2022	IDA-64240	Int Charges	477.87
Oct 15, 2022	IDA-64240	Int Charges	17,233.57
Oct 15, 2022	IDA-64240	Int Charges	17,233.57
Apr 15, 2023	IDA-64240	Int Charges	17,947.17
Apr 15, 2023	IDA-64240	Int Charges	17,947.17
Oct 19, 2021	IDA-64240	Int Charges	19,476.22
Oct 19, 2021	IDA-64240	Int Charges	19,476.22
Oct 19, 2021	IBRD-89680	Int Charges	29,083.02
Oct 19, 2021	IBRD-89680	Int Charges	133.45
Apr 15, 2022	IDA-64240	Int Charges	62.38
Apr 15, 2022	IDA-64240	Int Charges	62.38
Apr 15, 2022	IDA-64240	Int Charges	18,896.42
Apr 15, 2022	IDA-64240	Int Charges	18,896.42
Apr 15, 2022	IBRD-89680	Int Charges	125.14
Apr 15, 2022	IBRD-89680	Int Charges	27,415.02
Apr 15, 2021	IBRD-89680	Int Charges	132.71
Apr 15, 2021	IBRD-89680	Int Charges	28,924.09
Oct 15, 2021	IDA-64240	Int Charges	168.78
Oct 15, 2021	IDA-64240	Int Charges	168.78
Apr 15, 2021	IDA-64240	Int Charges	22.97
Apr 15, 2021	IDA-64240	Int Charges	22.97
Apr 15, 2021	IDA-64240	Int Charges	19,821.83
Apr 15, 2021	IDA-64240	Int Charges	19,821.83
Oct 15, 2020	IBRD-89680	Int Charges	49,219.34
Oct 15, 2020	IBRD-89680	Int Charges	460.57
Oct 15, 2020	IBRD-89680	Int Charges	242.98

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2022-01-04
Monitoring and Evaluation	Satisfactory	2022-01-04
Overall Implementation Progress (IP)	Satisfactory	2022-01-04
Program Management	Satisfactory	2022-01-04

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 04-17-2023
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 10-05-2023	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Satisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality		N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Annual progress report of implementation of the ENRRD strategy presented to the National Civil Protection Council	Value	N/A	SNPC finalized the progress report focused on emer	Published for 2019, 2020 and 2021
	Date	December 31, 2018	June 30, 2022	June 30, 2022
	Comment

Report on contingent liabilities including those associated with disaster and climate-related shocks published together with the medium-term fiscal framework	Value	N/A	None	Published at least one time before 2022
	Date	December 31, 2018	June 30, 2022	June 30, 2022
	Comment

All new detailed municipal plans (PD) incorporate disaster and climate-related risk management considerations. Value 0.00 13.00 22.00
Date May 8, 2019 June 30, 2022 June 30, 2022
Comment

Allocation to the National Emergency Fund included annually in national budget	Value	N/A	Exists in 2019, 2020, 2021 and 2022	Exists in 2019, 2020, 2021 and 2022 budget
	Date	December 31, 2018	June 30, 2022	June 30, 2022
	Comment

Proportion of Special Touristic Areas (ZDTI) with Tourist Development Plans (POT) that incorporate disaster and climate-related risk management considerations	Value	0.00	40.00	56.00
	Date	May 8, 2019	June 30, 2022	June 30, 2022
	Comment

Annual activity and accounting report for the National Emergency Fund approved by its Board	Value	N/A	The annual activity and accounting report for 2021	Approved for 2019, 2020 and 2021
	Date	December 31, 2018	June 30, 2022	June 30, 2022
	Comment

Number of monthly request forms to access INE data from registered institutional users Value 0.00 45.00 10.00
Date December 31, 2018 June 30, 2022 June 30, 2022
Comment
Number of MOUs signed between INE and public institutions/sectors to systematically share data with INE Value 1.00 30.00 8.00
Date December 31, 2018 June 30, 2022 June 30, 2022
Comment

Number of MOUs signed between INE and public institutions/sectors to systematically share data with INE	Value	1.00	30.00	8.00
	Date	December 31, 2018	June 30, 2022	June 30, 2022
	Comment