About 1 in 10 people live on less than $3.00 daily, the extreme poverty line

Costa Rica Catastrophe Deferred Draw Down Option (CAT DDO)

Abstract*

This program document concerns the Catastrophe Deferred Draw Down Option (CAT DDO) Project as budget financing for the Government of Costa Rica (GoCR) for three years.' The CAT DDO was developed by the Bank to respond to middle income countries' request for loans that better address their immediate funding needs in the aftermath of natural disasters. The overall development objective of the project is to enhance the government's capacity to implement... Show More

Development Objective

DON'T PUB OLD REPORTED

Key Details

Project Details

Project ID
P111926
Status
Closed
Team Leader
Doekle Wielinga
Borrower 2
N/A

Country
Costa Rica
Disclosure Date
July 10, 2008
Approval Date
(as of board presentation)
September 16, 2008
Effective Date
March 5, 2009

Total Project Cost 1
US$ 65.00 million
Implementing Agency
Republic of Costa Rica, Ministry of Finance (Ministerio de Hacienda)
Region
Latin America and Caribbean
Fiscal Year 3
2009

Commitment Amount
US$ 65.00 million
Environmental Category
N/A
Environmental and Social Risk
Not Applicable
Closing Date
October 30, 2017

Last Stage Reached
BANK APPROVED
Last Update Date
September 10, 2020

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 - Finance

FY17 - Finance for Development25%
- FY17 - Disaster Risk Finance25%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management75%
- FY17 - Disaster Preparedness25%
- FY17 - Disaster Response and Recovery25%
- FY17 - Disaster Risk Reduction25%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	65.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	65.00
IDA Commitment	N/A
IBRD + IDA Commitment	65.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	65.00

Summary Status of World Bank Financing (US$ Millions) as of September 30, 2025

No data available.

Detailed Financial Activity as of September 30, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Apr 15, 2021	IBRD-75940	Int Charges	47,654.35
Apr 15, 2021	IBRD-75940	Int Charges	297,935.53
Apr 15, 2021	IBRD-75940	Loan Repay	244,800.00
Apr 15, 2021	IBRD-75940	Loan Repay	61,975.20
Apr 15, 2021	IBRD-75940	Loan Repay	184,008.00
Apr 15, 2021	IBRD-75940	Loan Repay	25,704.00
Apr 15, 2021	IBRD-75940	Loan Repay	176,766.00
Sep 16, 2008	IBRD-75940	Loan Commitment	65,000,000.00
Oct 15, 2023	IBRD-75940	Int Charges	1,074,994.90
Oct 15, 2023	IBRD-75940	Loan Repay	244,800.00
Oct 15, 2023	IBRD-75940	Loan Repay	61,975.20
Apr 15, 2018	IBRD-75940	Int Charges	145,348.11
Apr 15, 2018	IBRD-75940	Int Charges	35,583.83
Apr 15, 2018	IBRD-75940	Int Charges	105,650.47
Apr 15, 2018	IBRD-75940	Int Charges	16,026.80
Apr 15, 2018	IBRD-75940	Int Charges	108,409.24
Apr 15, 2018	IBRD-75940	Int Charges	498,649.94
Apr 15, 2018	IBRD-75940	Loan Repay	244,800.00
Apr 15, 2018	IBRD-75940	Loan Repay	61,975.20
Apr 15, 2018	IBRD-75940	Int Charges	547.78
Oct 15, 2018	IBRD-75940	Int Charges	192,424.27
Oct 15, 2018	IBRD-75940	Int Charges	47,841.81
Apr 15, 2018	IBRD-75940	Loan Repay	25,704.00
Apr 15, 2018	IBRD-75940	Loan Repay	176,766.00
Apr 15, 2018	IBRD-75940	Loan Repay	184,008.00
Apr 15, 2017	IBRD-75940	Loan Repay	176,766.00
Apr 15, 2017	IBRD-75940	Loan Repay	244,800.00
Apr 15, 2017	IBRD-75940	Loan Repay	61,975.20
Apr 15, 2017	IBRD-75940	Loan Repay	184,008.00
Apr 15, 2017	IBRD-75940	Loan Repay	25,704.00
Oct 15, 2017	IBRD-75940	Int Charges	142,422.80
Oct 15, 2017	IBRD-75940	Int Charges	34,748.34
Oct 15, 2017	IBRD-75940	Int Charges	103,169.91
Oct 15, 2017	IBRD-75940	Int Charges	15,666.39
Oct 15, 2017	IBRD-75940	Int Charges	105,713.88
Apr 15, 2020	IBRD-75940	Int Charges	38,201.65
Apr 15, 2020	IBRD-75940	Int Charges	113,422.91
Apr 15, 2020	IBRD-75940	Int Charges	17,184.84
Apr 15, 2020	IBRD-75940	Loan Repay	244,800.00
Oct 15, 2017	IBRD-75940	Loan Repay	184,008.00
Oct 15, 2017	IBRD-75940	Loan Repay	25,704.00
Oct 15, 2017	IBRD-75940	Loan Repay	176,766.00
Apr 15, 2017	IBRD-75940	Int Charges	137,062.02
Apr 15, 2017	IBRD-75940	Int Charges	33,307.46
Apr 15, 2017	IBRD-75940	Int Charges	98,891.87
Apr 15, 2017	IBRD-75940	Int Charges	15,038.54
Apr 15, 2017	IBRD-75940	Int Charges	101,192.77
Jul 10, 2017	IBRD-75940	Loan Disb	31,017,000.00
Jul 10, 2017	IBRD-75940	Loan Disb	31,017,000.00
Jul 10, 2017	IBRD-75940	Loan Disb	-31,017,000.00
Apr 15, 2016	IBRD-75940	Loan Repay	184,008.00
Apr 15, 2016	IBRD-75940	Int Charges	100,639.26
Apr 15, 2016	IBRD-75940	Int Charges	23,751.16
Apr 15, 2016	IBRD-75940	Int Charges	70,518.57
Apr 15, 2016	IBRD-75940	Int Charges	10,696.35
Apr 15, 2016	IBRD-75940	Int Charges	69,153.91
Apr 15, 2016	IBRD-75940	Loan Repay	244,800.00
Apr 15, 2018	IBRD-75940	Int Charges	141.84
Apr 15, 2018	IBRD-75940	Int Charges	421.10
Apr 15, 2018	IBRD-75940	Int Charges	61.43
Apr 15, 2018	IBRD-75940	Int Charges	431.49
Apr 15, 2020	IBRD-75940	Int Charges	154,408.08
Oct 15, 2020	IBRD-75940	Int Charges	28,027.50
Oct 15, 2020	IBRD-75940	Int Charges	83,215.29
Oct 15, 2020	IBRD-75940	Int Charges	12,756.10
Oct 15, 2020	IBRD-75940	Int Charges	86,086.32
Oct 15, 2020	IBRD-75940	Int Charges	454,088.88
Oct 15, 2020	IBRD-75940	Loan Repay	244,800.00
Oct 15, 2020	IBRD-75940	Loan Repay	61,975.20
Oct 15, 2020	IBRD-75940	Loan Repay	184,008.00
Oct 15, 2020	IBRD-75940	Loan Repay	25,704.00
Oct 15, 2020	IBRD-75940	Loan Repay	176,766.00
Apr 15, 2023	IBRD-75940	Int Charges	970,642.56
Apr 15, 2023	IBRD-75940	Loan Repay	244,800.00
Oct 15, 2022	IBRD-75940	Int Charges	116,418.50
Oct 15, 2022	IBRD-75940	Int Charges	28,684.76
Oct 15, 2022	IBRD-75940	Int Charges	85,166.73
Oct 15, 2022	IBRD-75940	Int Charges	13,060.05
Oct 15, 2022	IBRD-75940	Int Charges	88,823.59
Oct 15, 2022	IBRD-75940	Int Charges	504,543.20
Oct 15, 2022	IBRD-75940	Loan Repay	244,800.00
Oct 15, 2022	IBRD-75940	Loan Repay	61,975.20
Oct 15, 2022	IBRD-75940	Loan Repay	184,008.00
Oct 15, 2022	IBRD-75940	Loan Repay	25,704.00
Oct 15, 2022	IBRD-75940	Loan Repay	176,766.00
Apr 15, 2022	IBRD-75940	Int Charges	58,942.76
Apr 15, 2022	IBRD-75940	Loan Repay	176,766.00
Apr 15, 2022	IBRD-75940	Int Charges	13,655.62
Apr 15, 2022	IBRD-75940	Int Charges	40,544.31
Apr 15, 2022	IBRD-75940	Int Charges	6,472.16
Apr 15, 2022	IBRD-75940	Int Charges	42,192.57
Apr 15, 2022	IBRD-75940	Int Charges	283,822.78
Apr 15, 2022	IBRD-75940	Loan Repay	244,800.00
Apr 15, 2022	IBRD-75940	Loan Repay	61,975.20
Apr 15, 2022	IBRD-75940	Loan Repay	184,008.00
Apr 15, 2022	IBRD-75940	Loan Repay	25,704.00
Apr 15, 2021	IBRD-75940	Int Charges	66,432.43
Apr 15, 2021	IBRD-75940	Int Charges	15,485.97
Apr 15, 2021	IBRD-75940	Int Charges	45,978.66
Apr 15, 2021	IBRD-75940	Int Charges	7,280.65
Apr 15, 2019	IBRD-75940	Loan Repay	244,800.00
Apr 15, 2019	IBRD-75940	Loan Repay	61,975.20
Apr 15, 2019	IBRD-75940	Loan Repay	184,008.00
Apr 15, 2019	IBRD-75940	Loan Repay	25,704.00
Apr 15, 2019	IBRD-75940	Loan Repay	176,746.00
Apr 15, 2019	IBRD-75940	Int Charges	194,940.94
Apr 15, 2019	IBRD-75940	Int Charges	48,580.85
Apr 15, 2019	IBRD-75940	Int Charges	144,239.40
Apr 15, 2019	IBRD-75940	Int Charges	21,679.79
Apr 15, 2019	IBRD-75940	Int Charges	148,455.30
Apr 15, 2019	IBRD-75940	Int Charges	672,707.06
Oct 15, 2019	IBRD-75940	Loan Repay	20.00
Oct 15, 2019	IBRD-75940	Int Charges	190,735.53
Oct 15, 2019	IBRD-75940	Int Charges	141,196.73
Oct 15, 2019	IBRD-75940	Int Charges	47,556.07
Oct 15, 2019	IBRD-75940	Int Charges	21,247.47
Oct 15, 2019	IBRD-75940	Int Charges	145,559.73
Oct 15, 2019	IBRD-75940	Int Charges	674,826.50
Oct 15, 2019	IBRD-75940	Loan Repay	244,800.00
Oct 15, 2019	IBRD-75940	Loan Repay	61,975.20
Oct 15, 2019	IBRD-75940	Loan Repay	184,008.00
Oct 15, 2019	IBRD-75940	Loan Repay	25,704.00
Oct 15, 2019	IBRD-75940	Loan Repay	176,766.00
Oct 15, 2018	IBRD-75940	Loan Repay	176,766.00
Oct 15, 2018	IBRD-75940	Int Charges	142,045.16
Oct 15, 2018	IBRD-75940	Int Charges	21,352.93
Oct 15, 2018	IBRD-75940	Int Charges	145,970.44
Oct 15, 2018	IBRD-75940	Int Charges	651,176.06
Oct 15, 2018	IBRD-75940	Loan Repay	244,800.00
Oct 15, 2018	IBRD-75940	Loan Repay	61,975.20
Oct 15, 2018	IBRD-75940	Loan Repay	184,008.00
Oct 15, 2018	IBRD-75940	Loan Repay	25,704.00
Oct 15, 2021	IBRD-75940	Int Charges	63,648.38
Oct 15, 2021	IBRD-75940	Int Charges	43,976.51
Oct 15, 2021	IBRD-75940	Int Charges	14,811.60
Oct 15, 2021	IBRD-75940	Int Charges	6,984.77
Apr 15, 2014	IBRD-75940	Int Charges	21,655.89
Apr 15, 2014	IBRD-75940	Int Charges	64,297.57
Apr 15, 2014	IBRD-75940	Int Charges	9,618.70
Oct 15, 2023	IBRD-75940	Loan Repay	184,008.00
Oct 15, 2023	IBRD-75940	Loan Repay	25,704.00
Oct 15, 2023	IBRD-75940	Loan Repay	176,766.00
Oct 15, 2023	IBRD-75940	Loan Repay	632,746.80
Oct 15, 2023	IBRD-75940	Int Charges	205,846.48
Apr 15, 2024	IBRD-75940	Int Charges	1,124,174.80
Apr 15, 2024	IBRD-75940	Loan Repay	244,800.00
Apr 15, 2024	IBRD-75940	Int Charges	269,557.40
Apr 15, 2024	IBRD-75940	Int Charges	68,929.83
Apr 15, 2024	IBRD-75940	Int Charges	204,656.70
Apr 15, 2024	IBRD-75940	Int Charges	30,818.56
Apr 15, 2024	IBRD-75940	Loan Repay	61,975.20
Apr 15, 2024	IBRD-75940	Int Charges	215,022.19
Apr 15, 2024	IBRD-75940	Loan Repay	25,704.00
Apr 15, 2024	IBRD-75940	Loan Repay	632,746.80
Apr 15, 2024	IBRD-75940	Loan Repay	176,766.00
Apr 15, 2024	IBRD-75940	Loan Repay	184,008.00
Oct 15, 2023	IBRD-75940	Int Charges	259,392.25
Oct 15, 2023	IBRD-75940	Int Charges	66,159.99
Oct 15, 2023	IBRD-75940	Int Charges	196,432.95
Oct 15, 2023	IBRD-75940	Int Charges	29,559.23
Apr 15, 2023	IBRD-75940	Loan Repay	184,008.00
Apr 15, 2023	IBRD-75940	Loan Repay	61,975.20
Apr 15, 2023	IBRD-75940	Loan Repay	25,704.00
Apr 15, 2023	IBRD-75940	Loan Repay	176,766.00
Apr 15, 2023	IBRD-75940	Loan Repay	632,746.80
Apr 15, 2023	IBRD-75940	Int Charges	234,565.48
Apr 15, 2023	IBRD-75940	Int Charges	59,583.77
Apr 15, 2023	IBRD-75940	Int Charges	176,907.69
Apr 15, 2023	IBRD-75940	Int Charges	26,633.06
Apr 15, 2023	IBRD-75940	Int Charges	184,931.66
Oct 15, 2021	IBRD-75940	Int Charges	45,669.24
Oct 15, 2021	IBRD-75940	Int Charges	294,842.40
Oct 15, 2021	IBRD-75940	Loan Repay	244,800.00
Oct 15, 2021	IBRD-75940	Loan Repay	61,975.20
Oct 15, 2021	IBRD-75940	Loan Repay	184,008.00
Oct 15, 2021	IBRD-75940	Loan Repay	25,704.00
Oct 15, 2021	IBRD-75940	Loan Repay	176,766.00
Oct 15, 2020	IBRD-75940	Int Charges	114,967.19
Apr 15, 2020	IBRD-75940	Int Charges	117,126.83
Apr 15, 2020	IBRD-75940	Int Charges	572,341.20
Apr 15, 2020	IBRD-75940	Loan Repay	61,975.20
Apr 15, 2020	IBRD-75940	Loan Repay	184,008.00
Apr 15, 2020	IBRD-75940	Loan Repay	25,704.00
Apr 15, 2020	IBRD-75940	Loan Repay	176,766.00
Apr 15, 2014	IBRD-75940	Int Charges	61,767.01
Oct 15, 2014	IBRD-75940	Int Charges	21,157.14
Oct 15, 2014	IBRD-75940	Int Charges	62,816.78
Oct 15, 2014	IBRD-75940	Int Charges	9,415.35
Oct 15, 2014	IBRD-75940	Int Charges	60,344.49
Oct 15, 2014	IBRD-75940	Int Charges	92,720.00
Oct 15, 2013	IBRD-75940	Int Charges	10,183.95
Oct 15, 2013	IBRD-75940	Int Charges	65,630.17
Oct 15, 2016	IBRD-75940	Loan Repay	184,008.00
Oct 15, 2016	IBRD-75940	Loan Repay	25,704.00
Oct 15, 2016	IBRD-75940	Int Charges	85,891.83
Oct 15, 2016	IBRD-75940	Loan Repay	244,800.00
Oct 15, 2016	IBRD-75940	Int Charges	120,260.28
Oct 15, 2016	IBRD-75940	Int Charges	28,885.50
Oct 15, 2016	IBRD-75940	Int Charges	85,762.79
Oct 15, 2016	IBRD-75940	Int Charges	13,130.25
Oct 15, 2016	IBRD-75940	Loan Repay	61,975.20
Oct 15, 2015	IBRD-75940	Int Charges	66,943.43
Oct 15, 2015	IBRD-75940	Int Charges	9,991.80
Oct 15, 2015	IBRD-75940	Loan Repay	61,975.20
Oct 15, 2015	IBRD-75940	Loan Repay	184,008.00
Oct 15, 2015	IBRD-75940	Int Charges	64,308.74
Oct 15, 2015	IBRD-75940	Loan Repay	244,800.00
Oct 15, 2015	IBRD-75940	Int Charges	96,206.52
Oct 15, 2015	IBRD-75940	Int Charges	22,547.01
Apr 15, 2016	IBRD-75940	Loan Repay	61,975.20
Apr 15, 2015	IBRD-75940	Int Charges	92,213.33
Apr 15, 2015	IBRD-75940	Int Charges	21,041.54
Apr 15, 2015	IBRD-75940	Int Charges	62,473.52
Apr 15, 2015	IBRD-75940	Int Charges	9,363.90
Apr 15, 2015	IBRD-75940	Int Charges	60,014.74
Apr 15, 2015	IBRD-75940	Loan Repay	244,800.00
Oct 15, 2013	IBRD-75940	Int Charges	100,040.00
Oct 15, 2013	IBRD-75940	Int Charges	23,010.30
Oct 15, 2013	IBRD-75940	Int Charges	68,318.97
Apr 15, 2014	IBRD-75940	Int Charges	94,640.00
Oct 15, 2017	IBRD-75940	Int Charges	254,640.95
Oct 15, 2017	IBRD-75940	Loan Repay	244,800.00
Oct 15, 2017	IBRD-75940	Loan Repay	61,975.20

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Implementation Progress (IP)	Satisfactory	2017-09-12
Program Management	Satisfactory	2017-09-12
Progress towards achievement of PDO	Satisfactory	2017-09-12
Monitoring and Evaluation	Satisfactory	2017-09-12

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 10-24-2018
Outcomes
Risk to Development Outcome
Bank Performance
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 02-11-2019	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome	Modest	N/a
Bank Performance	Moderately Satisfactory	N/a
Borrower Performance	Satisfactory	N/a
Government Performance	Moderately Satisfactory	N/a
Implementing Agency	Highly Satisfactory	N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Strengthened regulatory and institutional framework for DRM through an enhanced capacity of CNE to coordinate and incentivize DRM activities.	Value	Adoption of Law No. 8488 and its regulation.	The GoCR continues enforcing the Law No. 8488 and	Enforcement of Law No. 8488 and its regulation.
	Date	September 16, 2008	August 31, 2017	October 30, 2014
	Comment

Well-funded and functional Fondo Nacional de Emergencias as part of the Disaster Risk Management Program. Well-funded and functional Fondo Nacional de Emergencias as part of the Disaster Risk Manage	Value	The Emergency Fund is well-funded and functioning.	The National Emergency Fund remains well-funded an	The Fondo Nacional de Emergencias remains well-fun
	Date	September 16, 2008	August 31, 2017	October 30, 2014
	Comment

Key line ministries annual programs include risk analysis and risk reduction initiatives.	Value	Disaster risk management has been incorporated in	Disaster risk management remains in the National D	Disaster risk management remains in the National D
	Date	September 16, 2008	August 31, 2017	October 30, 2014
	Comment

An increased proportion of projects approved by MIDEPLAN integrate DRM considerations.	Value	Incorporation of disaster risk analysis in the MID	All the projects (100%) approved by MIDEPLAN have	An increased proportion of projects approved by MI
	Date	September 16, 2008	August 31, 2017	October 30, 2014
	Comment

Implementation of five selected strategic goals of the Nat. DRM Plan 2010-2015	Value	0 targets implemented	A total of 7 selected goals were achieved i.e.: (i	Implementation of 5 selected goals of the Nat. DRM
	Date	May 29, 2014	August 31, 2017	October 30, 2017
	Comment

Design of a financial strategy for Disaster Risk Management	Value	No financial strategy	A Disaster Risk Finance and Insurance strategy has	Designing a financial strategy for DRM.
	Date	May 29, 2014	August 31, 2017	October 30, 2017
	Comment

Mainstream DRM in planning programs at the sub-national level	Value	DRM in planning programs at national level only	A 2016 – 2020 DRM National Plan monitoring tool wa	Mainstreaming DRM in planning programs at sub-nati
	Date	May 29, 2014	August 31, 2017	October 30, 2017
	Comment

Increased capacity for incorporating disaster risk analysis in the public investment process	Value	Capacity for incorporating disaster risk at minimu	MIDEPLAN updated and published "Technical Norms, G	Capacity building for incorporating disaser risk i
	Date	May 29, 2014	August 31, 2017	October 30, 2017
	Comment