| Financier | Commitments |
|---|---|
| Disaster Risk Financing and Insurance | 1.00 |
Pacific Catastrophe Risk Insurance Pilot
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
P152570
Closed
Olivier Mahul
N/A
Pacific Islands
September 26, 2014
(as of board presentation)
September 26, 2014
N/A
US$ 1.00 million
N/A
2015
US$ 1.00 million
C
Not Applicable
January 31, 2016
BANK APPROVED
August 15, 2024
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 | 1.00 |
| Total Project Cost** | 1.00 |
Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025
No data available.
Detailed Financial Activity as of July 31, 2025
No data available.
Results Framework
No data available.