Ecuador Risk Mitigation and Emergency Recovery Project

Abstract*

The development objective of the Risk Mitigation and Emergency Recovery Project for Ecuador is to reduce the potential effects of the El Nino phenomenon and the Cotopaxi volcano, and support the recovery of basic and production services in affected areas in case of an eligible disaster, in selected sectors. The project comprises of three components. The first component, disaster preparedness and risk mitigation aims to reduce the potential impacts... Show More

Development Objective

To support the recovery of basic and productive services in selected sectors in affected areas in case of an Eligible Disaster and strengthen resilience to natural disasters and macroeconomic shocks

Key Details

Project Details

Project ID
P157324
Status
Closed
Team Leader
Diana Rubiano Vargas , Alexander Agosti
Borrower 2
Ministry of Economy and Finance

Country
Ecuador
Disclosure Date
June 15, 2016
Approval Date
(as of board presentation)
March 15, 2016
Effective Date
July 19, 2016

Total Project Cost 1
US$ 150.00 million
Implementing Agency
Ministry of Finance
Region
Latin America and Caribbean
Fiscal Year 3
2016

Commitment Amount
US$ 150.00 million
Environmental Category
B
Environmental and Social Risk
N/A
Closing Date
September 7, 2021

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
December 11, 2023

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 change78%
- FY17 - Adaptation78%

FY17 - Finance

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

FY17 - Human Development and Gender

FY17 - Disease Control0%
- FY17 - Pandemic Response1%

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	150.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	150.00
IDA Commitment	N/A
IBRD + IDA Commitment	150.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	150.00

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$)
Feb 15, 2020	IBRD-85910	Int Charges	163.44
Feb 15, 2020	IBRD-85910	Int Charges	25,075.88
Feb 15, 2020	IBRD-85910	Int Charges	123,638.50
Apr 13, 2020	IBRD-85910	Loan Disb	48,264,288.00
Aug 15, 2020	IBRD-85910	Int Charges	25,023.48
Aug 15, 2020	IBRD-85910	Int Charges	670,239.00
Feb 15, 2021	IBRD-85910	Int Charges	5,971.24
Feb 15, 2021	IBRD-85910	Int Charges	557,760.25
May 13, 2021	IBRD-85910	Loan Cancel	1,765,035.90
May 13, 2021	IBRD-85910	Loan Disb	-1,765,035.90
Apr 8, 2021	IBRD-85910	Loan Cancel	4,747,857.00
Aug 15, 2021	IBRD-85910	Int Charges	1,691.01
Aug 15, 2021	IBRD-85910	Int Charges	504,251.66
Dec 15, 2021	IBRD-85910	Loan Disb	-241,422.75
Feb 15, 2022	IBRD-85910	Int Charges	490,228.50
Aug 15, 2022	IBRD-85910	Int Charges	38.03
Jan 30, 2017	IBRD-85910	Loan Disb	102,000.00
Jul 19, 2016	IBRD-85910	Fee Charges	375,000.00
Aug 1, 2016	IBRD-85910	Loan Disb	29,000.00
Jun 28, 2017	IBRD-85910	Loan Disb	863,465.30
Feb 15, 2017	IBRD-85910	Int Charges	56,349.69
Feb 15, 2017	IBRD-85910	Int Charges	28.76
Feb 15, 2017	IBRD-85910	Int Charges	188,603.27
Feb 15, 2017	IBRD-85910	Int Charges	422.44
Aug 15, 2017	IBRD-85910	Int Charges	118.02
Aug 15, 2017	IBRD-85910	Int Charges	185,150.50
Aug 15, 2017	IBRD-85910	Int Charges	1,969.32
Aug 1, 2017	IBRD-85910	Loan Disb	3,776,367.20
Aug 15, 2017	IBRD-85910	Int Charges	11.18
Feb 15, 2018	IBRD-85910	Int Charges	75,835.04
Feb 12, 2018	IBRD-85910	Loan Disb	506,374.00
Feb 15, 2018	IBRD-85910	Int Charges	646.00
Feb 15, 2018	IBRD-85910	Int Charges	7,187.43
Feb 15, 2018	IBRD-85910	Int Charges	182,759.90
Dec 28, 2017	IBRD-85910	Loan Disb	769,400.00
Aug 15, 2018	IBRD-85910	Int Charges	268.63
Aug 15, 2018	IBRD-85910	Int Charges	3,119.52
Aug 15, 2018	IBRD-85910	Int Charges	178,462.77
Aug 15, 2018	IBRD-85910	Int Charges	112,787.69
Feb 15, 2019	IBRD-85910	Int Charges	181,321.19
Feb 15, 2019	IBRD-85910	Int Charges	130,243.55
Oct 18, 2018	IBRD-85910	Loan Disb	121,100.00
May 28, 2019	IBRD-85910	Loan Disb	334,700.00
Sep 27, 2018	IBRD-85910	Loan Cancel	58,210,000.00
Feb 7, 2019	IBRD-85910	Loan Cancel	32,204,448.00
Jul 26, 2019	IBRD-85910	Loan Disb	71,000.00
Aug 15, 2019	IBRD-85910	Int Charges	49,740.83
Aug 15, 2019	IBRD-85910	Int Charges	139,357.64
Aug 15, 2022	IBRD-85910	Int Charges	714.54
Aug 15, 2022	IBRD-85910	Int Charges	660,688.50
Jan 7, 2022	IBRD-85910	Loan Cancel	241,422.75
Feb 15, 2023	IBRD-85910	Int Charges	1,387,935.20
Aug 15, 2023	IBRD-85910	Int Charges	1,806,241.20
Aug 15, 2024	IBRD-85910	Int Charges	9,709.26
Aug 15, 2024	IBRD-85910	Int Charges	1,984,697.20
Feb 15, 2024	IBRD-85910	Int Charges	2,006,584.60
Mar 15, 2016	IBRD-85910	Loan Commitment	150,000,000.00
Feb 15, 2020	IBRD-85910	Int Charges	9.73

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Satisfactory	2021-09-03
Procurement	Satisfactory	2021-09-03
Financial Management	Moderately Satisfactory	2021-09-03
Monitoring and Evaluation	Moderately Satisfactory	2021-09-03
Overall Implementation Progress (IP)	Moderately Satisfactory	2021-09-03
Project Management	Moderately Satisfactory	2021-09-03

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 03-04-2022
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW:	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Unsatisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately Unsatisfactory	N/a
Borrower Performance		N/a
Government Performance	Not Rated	N/a
Implementing Agency		N/a
Icr Quality	Substantial	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Direct project beneficiaries Value 0.00 2348372.00 2397790.00
Date February 23, 2016 September 7, 2021 May 20, 2021
Comment
Number of people protected through flood mitigation works Value 0.00 203600.00 203600.00
Date February 23, 2016 September 7, 2021 April 23, 2019
Comment
Female beneficiaries Value 0.00 0.00 0.00
Date November 18, 2015 April 13, 2018
Comment
Number of people benefiting from new equipment in the health sector after an Eligible Disaster occurs Value 0.00 903080.00 903080.00
Date February 23, 2016 September 7, 2021 May 20, 2021
Comment
Improved macroeconomic modeling, including better understanding of economic impacts of climate change Value No models Models updated Models updated
Date October 22, 2018 September 7, 2021 May 20, 2021
Comment
Number of households receiving emergency cash transfers through the Government of Ecuador payment delivery mechanisms Value 0.00 382239.00 400019.00
Date March 31, 2020 September 7, 2021 May 20, 2021
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Grievances registered related to delivery of project benefits addressed (%) Value 0.00 97.00 0.00
Date February 23, 2016 September 7, 2021
Comment
Health facilities equipped (number) Value 0.00 284.00 290.00
Date February 23, 2016 September 7, 2021 May 20, 2021
Comment
Number of hectares of crops protected against flooding Value 0.00 173500.00 173500.00
Date February 23, 2016 September 7, 2021 April 23, 2019
Comment
Grievances related to delivery of project benefits that are addressed-(number) Value 0.00 0.00 0.00
Date November 18, 2015 April 13, 2018
Comment

i) Methodology to allocate budget ceilings for PGE institutions updated/designed and ii) modalities to amend budget during the fiscal year designed	Value	No methodology or modalities	Partially achieved	Methodology and modalities updated/designed
	Date	April 23, 2019	September 7, 2021	May 20, 2021
	Comment

Predictive methodology for monitoring and control of credit operations financed with public debt and monitoring of World Bank loansdeveloped	Value	No predictive methodology	Methodology developed
	Date	May 20, 2021	September 7, 2021
	Comment

Number of preventive works Value 0.00 6.00 6.00
Date February 23, 2016 September 7, 2021 April 23, 2019
Comment

Direct project beneficiaries	Value	0.00	2348372.00	2397790.00
	Date	February 23, 2016	September 7, 2021	May 20, 2021
	Comment

Female beneficiaries	Value	0.00	0.00	0.00
	Date	November 18, 2015	April 13, 2018
	Comment

Improved macroeconomic modeling, including better understanding of economic impacts of climate change	Value	No models	Models updated	Models updated
	Date	October 22, 2018	September 7, 2021	May 20, 2021
	Comment

Health facilities equipped (number)	Value	0.00	284.00	290.00
	Date	February 23, 2016	September 7, 2021	May 20, 2021
	Comment

Number of preventive works	Value	0.00	6.00	6.00
	Date	February 23, 2016	September 7, 2021	April 23, 2019
	Comment