| Financier | Commitments |
|---|---|
| Disaster Risk Financing and Insurance | 3.00 |
Pacific catastrophe risk insurance pilot program
Development Objective
The project development objective is to ascertain the viability of market-based sovereign catastrophe risk transfer instruments to reduce the financial vulnerability to natural disasters (earthquakes and tropical cyclones) of Republic of Marshall Islands, Independent State of Samoa, Kingdom of Tonga, and Republic of Vanuatu. This will be achieved by providing additional finance to allow participating countries to join the third season of the Pacific catastrophe risk insurance pilot and purchase catastrophe risk coverage against earthquake and/or tropical cyclone events for the 2014-2015 pilot period.
Key Details
Project Details
P133255
Closed
Olivier Mahul
Ministry of Finance,Ministry of Finance and Economic Management,Ministry of Finance,Ministry of Finance and National Planning
Pacific Islands
November 9, 2012
(as of board presentation)
November 9, 2012
November 23, 2012
US$ 3.00 million
World Bank Group Treasury
2013
US$ 3.00 million
C
August 15, 2024
January 31, 2016
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | N/A |
| Lending Instrument | |
|---|---|
| Grant Amount | 3.00 |
| Total Project Cost** | 3.00 |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
Detailed Financial Activity as of February 28, 2025
No data available.
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Overall Implementation Progress (IP) | Highly Satisfactory | 2015-02-09 |
| Counterpart Funding | Highly Satisfactory | 2015-02-09 |
| Financial Management | Satisfactory | 2015-02-09 |
| Monitoring and Evaluation | Highly Satisfactory | 2015-02-09 |
| Project Management | Satisfactory | 2015-02-09 |
| Progress towards achievement of PDO | Highly Satisfactory | 2015-02-09 |
| Procurement | Satisfactory | 2015-02-09 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Direct project beneficiaries Value 0.00 5000.00 0.00 Date January 17, 2013 January 30, 2015 October 31, 2015 Comment Female beneficiaries Value 0.00 60.00 0.00 Date January 17, 2013 January 30, 2015 October 31, 2015 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Aggregate coverage limit of Pacific catastrophe risk insurance program Value 0.00 43300000.00 0.00 Date January 17, 2013 January 30, 2015 October 31, 2015 Comment Individual coverage limit for each participating PIC Value 0.00 43300000.00 0.00 Date January 17, 2013 January 30, 2015 October 31, 2015 Comment Cook Islands aggregate coverage limit Value 0.00 2800000.00 0.00 Date January 17, 2013 January 30, 2015 October 31, 2015 Comment Marshall Islands aggregate coverage limit Value 0.00 10900000.00 0.00 Date January 17, 2013 January 30, 2015 October 31, 2015 Comment Samoa aggregate coverage limit Value 0.00 11300000.00 0.00 Date January 17, 2013 January 30, 2015 October 31, 2015 Comment Tonga aggregate coverage limit Value 0.00 8400000.00 0.00 Date January 17, 2013 January 30, 2015 October 31, 2015 Comment Vanuatu aggregate coverage limit Value 0.00 9900000.00 0.00 Date January 17, 2013 January 30, 2015 October 31, 2015 Comment