Disaster Risk Management DPL-CAT DDO

Abstract*

The development objective of Disaster Risk Management Development Policy Loan with a Catastrophe-Deferred Drawdown Option (CAT DDO) Project is to strengthen Serbia’s institutional and legal framework to effectively manage the physical and fiscal impact of natural hazards. This objective will be achieved by supporting policy reforms under three operational pillars: (i) Strengthening the Borrower’s legal and institutional framework for post‐disaster... Show More

Development Objective

The objective is to strengthen Serbia's institutional and legal framework to effectively manage the physical and fiscal impact of natural hazards.

Key Details

Project Details

Project ID
P157489
Status
Closed
Team Leader
Vica Bogaerts , Martin Alton
Borrower 2
Ministry of Finance

Country
Serbia
Disclosure Date
December 20, 2016
Approval Date
(as of board presentation)
May 3, 2017
Effective Date
February 7, 2017

Total Project Cost 1
US$ 70.00 million
Implementing Agency
Public Investment Management Office
Region
Europe and Central Asia
Fiscal Year 3
2017

Commitment Amount
US$ 70.00 million
Environmental Category
N/A
Last Update Date
October 12, 2023
Closing Date
October 31, 2020

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 Development33%
- FY17 - Disaster Risk Finance33%

FY17 - Human Development and Gender

FY17 - Disease ControlNo value for percent
- FY17 - Pandemic Response1%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management67%
- FY17 - Disaster Preparedness67%
- FY17 - Disaster Response and Recovery67%
- FY17 - Disaster Risk Reduction33%
- FY17 - Flood and Drought Risk Management33%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	70.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	70.00
IDA Commitment	N/A
IBRD + IDA Commitment	70.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	70.00

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$)
Dec 1, 2020	IBRD-87380	Int Charges	68,453.44
Dec 1, 2020	IBRD-87380	Int Charges	94,782.94
Jun 1, 2021	IBRD-87380	Int Charges	592.25
Jun 1, 2021	IBRD-87380	Int Charges	72,299.05
Jun 1, 2021	IBRD-87380	Int Charges	36,149.52
Jun 1, 2021	IBRD-87380	Int Charges	50,053.83
Dec 1, 2021	IBRD-87380	Int Charges	50,202.83
Jun 1, 2019	IBRD-87380	Int Charges	1,005.66
Jun 1, 2019	IBRD-87380	Int Charges	108,190.49
Jul 26, 2019	IBRD-87380	Loan Disb	16,698,000.00
Jul 26, 2019	IBRD-87380	Loan Disb	16,698,000.00
Jul 26, 2019	IBRD-87380	Loan Disb	-16,698,000.00
Dec 1, 2019	IBRD-87380	Int Charges	1,016.06
Dec 1, 2019	IBRD-87380	Int Charges	108,997.86
Dec 1, 2019	IBRD-87380	Int Charges	37,303.94
Apr 15, 2020	IBRD-87380	Loan Disb	22,655,370.00
Apr 15, 2020	IBRD-87380	Loan Disb	22,655,370.00
Apr 15, 2020	IBRD-87380	Loan Disb	-22,655,370.00
Jun 1, 2020	IBRD-87380	Int Charges	820.96
Jun 1, 2020	IBRD-87380	Int Charges	91,457.91
Jun 1, 2020	IBRD-87380	Int Charges	45,728.96
Jan 29, 2018	IBRD-87380	Loan Disb	409,588.66
Jan 29, 2018	IBRD-87380	Fee Charges	409,588.66
Jul 23, 2018	IBRD-87380	Loan Disb	-35,140,500.00
Jul 23, 2018	IBRD-87380	Loan Disb	35,140,500.00
Jul 23, 2018	IBRD-87380	Loan Disb	35,140,500.00
Jun 1, 2018	IBRD-87380	Int Charges	647.95
Dec 1, 2018	IBRD-87380	Int Charges	955.24
Dec 1, 2018	IBRD-87380	Int Charges	75,724.71
Jan 29, 2018	IBRD-87380	Loan Disb	-409,588.66
Jun 1, 2024	IBRD-87380	Int Charges	8,713.18
Jun 1, 2024	IBRD-87380	Int Charges	807,457.00
Jan 29, 2018	IBRD-87380	Loan Disb	409,588.66
Jun 1, 2024	IBRD-87380	Int Charges	403,728.50
Jun 1, 2024	IBRD-87380	Int Charges	559,015.94
May 3, 2017	IBRD-87380	Loan Commitment	70,000,000.00
Jun 1, 2023	IBRD-87380	Int Charges	5,761.61
Jun 1, 2023	IBRD-87380	Int Charges	539,233.90
Jun 1, 2023	IBRD-87380	Int Charges	269,616.90
Jun 1, 2023	IBRD-87380	Int Charges	373,320.56
Dec 1, 2023	IBRD-87380	Int Charges	8,256.64
Dec 1, 2023	IBRD-87380	Int Charges	766,086.40
Dec 1, 2023	IBRD-87380	Int Charges	383,043.16
Dec 1, 2023	IBRD-87380	Int Charges	530,374.40
Dec 1, 2022	IBRD-87380	Int Charges	62,872.90
Dec 1, 2022	IBRD-87380	Int Charges	87,055.89
Dec 1, 2022	IBRD-87380	Int Charges	1,209.95
Dec 1, 2022	IBRD-87380	Int Charges	125,745.77
Dec 1, 2021	IBRD-87380	Int Charges	72,514.21
Dec 1, 2021	IBRD-87380	Int Charges	36,257.10
Dec 1, 2021	IBRD-87380	Int Charges	608.64
Jun 1, 2022	IBRD-87380	Int Charges	519.31
Jun 1, 2022	IBRD-87380	Int Charges	63,394.01
Jun 1, 2022	IBRD-87380	Int Charges	31,697.01
Jun 1, 2022	IBRD-87380	Int Charges	43,888.73
Dec 1, 2020	IBRD-87380	Int Charges	17,527.07
Dec 1, 2020	IBRD-87380	Int Charges	1,307.16
Dec 1, 2020	IBRD-87380	Int Charges	136,906.88

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Program Management	Satisfactory	2020-10-05
Progress towards achievement of PDO	Satisfactory	2020-10-05
Monitoring and Evaluation	Satisfactory	2020-10-05
Overall Implementation Progress (IP)	Satisfactory	2020-10-05

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 11-29-2021
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 05-13-2022	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	Not Rated	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

A1- PIMO staffed and functioning as demonstrated by the adoption of a Systematization Act and submission of Annual Reports to the Borrower's Cabinet	Value	Staffing Initiated	The PIMO is staffed and annual reports submitted	Staffed and annual reports submitted.
	Date	May 3, 2017	October 30, 2020	October 30, 2020
	Comment

C1-Fiscal risk unit established, staffed, and functioning as demonstrated by (a) adoption of the Systematization Act which sets outthe number of positions and (b) the identification and quantificatio	Value	Not staffed.	Fiscal risk unit staffed and contingent liabilitie	Staffed, contingent liabilities from disasters ide
	Date	May 3, 2017	January 15, 2021	October 30, 2020
	Comment

B1-National flood risk assessment completed. Value No assessment. National flood risk assessment completed Assessment completed.
Date May 3, 2017 October 30, 2020 October 30, 2020
Comment

A2-Systematization Act to operationalize a new government institution or agency to implement Law on Natural and other Hazard Risk Reduction and Emergency Management adopted.	Value	Systematization act not adopted.	The Borrower has adopted a systemization act forma	Borrower has adopted a Systematization Act.
	Date	May 3, 2017	October 30, 2020	October 30, 2020
	Comment

C2-GoS prepared and enacted a set of fiscal incentives and a model DRFI plan for local governments to facilitate wider use of budgetary protection instruments against the financial consequences of nat	Value	Not enacted.	3 Local governments have developed DRF plans. Form	Fiscal incentives enacted and at least 3 municipal
	Date	May 3, 2017	October 30, 2020	October 30, 2020
	Comment

B2-Number of sectors and institutions that are using an open-source geospatial platform with risk information. Value 0.00 146.00 5.00
Date May 3, 2017 October 30, 2020 October 30, 2020
Comment

C3-A report on consolidated information on historical post-disaster expenditure data is produced annually and submitted to the Budget Department.	Value	Consolidated historical post-disaster expenditure	Consolidated historical post disaster expenditure	Data collected and submitted to the Budget Departm
	Date	May 3, 2017	December 31, 2020	October 30, 2020
	Comment

B3-Number of sectors and local self-governments that have applied the post-disaster loss and needs assessment methodology. Value 0.00 82.00 15.00
Date May 3, 2017 October 30, 2020 October 30, 2020
Comment

B1-National flood risk assessment completed.	Value	No assessment.	National flood risk assessment completed	Assessment completed.
	Date	May 3, 2017	October 30, 2020	October 30, 2020
	Comment

B2-Number of sectors and institutions that are using an open-source geospatial platform with risk information.	Value	0.00	146.00	5.00
	Date	May 3, 2017	October 30, 2020	October 30, 2020
	Comment