Guatemala DRM Development Policy Loan with CAT DDO II

Abstract*

The Second Disaster Risk Management Development Policy Loan operation is a stand-alone US dollar 200 million Disaster Risk Management Development Policy Loan (DPL) with a Catastrophe Deferred Drawdown Option (CAT DDO). It supports the efforts of the Government of Guatemala (GoG) to strengthen the legal and institutional framework for disaster risk management (DRM) and climate change adaptation (CCA), and to quickly mobilize resources in the aftermath... Show More

Development Objective

The PDO is to help strengthen Guatemala’s legal, institutional and financial framework to manage the impact of adverse natural events and climate risk.

Key Details

Project Details

Project ID
P159710
Status
Closed
Team Leader
Rodrigo Donoso Arias , Luis Duran Vargas
Borrower 2
Republic of Guatemala

Country
Guatemala
Disclosure Date
October 1, 2018
Approval Date
(as of board presentation)
May 24, 2019
Effective Date
April 16, 2020

Total Project Cost 1
US$ 145.00 million
Implementing Agency
Ministry of Public Finance
Region
Latin America and Caribbean
Fiscal Year 3
2019

Commitment Amount
US$ 200.00 million
Environmental Category
N/A
Last Update Date
April 10, 2024
Closing Date
March 31, 2023

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 change92%
- FY17 - Adaptation92%

FY17 - Finance

FY17 - Finance for Development100%
- FY17 - Disaster Risk Finance100%

FY17 - Human Development and Gender

FY17 - Education17%
- FY17 - Education Facilities17%
FY17 - Gender17%

FY17 - Public Sector Management

FY17 - Public Finance Management33%
- FY17 - Public Expenditure Management33%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management67%
- FY17 - Disaster Preparedness50%
- FY17 - Disaster Risk Reduction33%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	200.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	200.00
IDA Commitment	N/A
IBRD + IDA Commitment	200.00

Lending Instrument
Grant Amount	N/A
Total Project Cost**	145.00

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$)
Apr 16, 2020	IBRD-89620	Loan Disb	-1,000,000.00
Mar 15, 2021	IBRD-89620	Int Charges	1,880,992.20
Apr 16, 2020	IBRD-89620	Loan Disb	1,000,000.00
Apr 16, 2020	IBRD-89620	Fee Charges	1,000,000.00
Apr 21, 2020	IBRD-89620	Loan Disb	199,000,000.00
Apr 21, 2020	IBRD-89620	Loan Disb	-199,000,000.00
Apr 21, 2020	IBRD-89620	Loan Disb	199,000,000.00
Sep 15, 2020	IBRD-89620	Int Charges	2,185,849.20
May 24, 2019	IBRD-89620	Loan Commitment	200,000,000.00
Mar 15, 2024	IBRD-89620	Int Charges	37,357.07
Mar 15, 2024	IBRD-89620	Int Charges	7,434,052.50
Mar 15, 2023	IBRD-89620	Int Charges	27,351.11
Mar 15, 2023	IBRD-89620	Int Charges	5,442,871.00
Sep 15, 2023	IBRD-89620	Int Charges	33,988.90
Sep 15, 2023	IBRD-89620	Int Charges	6,763,789.00
Sep 15, 2022	IBRD-89620	Int Charges	13,953.34
Sep 15, 2022	IBRD-89620	Int Charges	2,776,713.20
Mar 15, 2022	IBRD-89620	Int Charges	8,798.61
Mar 15, 2022	IBRD-89620	Int Charges	1,750,923.60
Sep 15, 2021	IBRD-89620	Int Charges	9,148.90
Sep 15, 2021	IBRD-89620	Int Charges	1,820,628.90
Sep 15, 2020	IBRD-89620	Int Charges	11,357.78
Mar 15, 2021	IBRD-89620	Int Charges	9,452.23
Apr 16, 2020	IBRD-89620	Loan Disb	1,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Overall Implementation Progress (IP)	Satisfactory	2023-03-28
Progress towards achievement of PDO	Satisfactory	2023-03-28
Monitoring and Evaluation	Satisfactory	2023-03-28
Program Management	Satisfactory	2023-03-28

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 03-04-2024
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 06-18-2024	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Satisfactory	N/a
Borrower Performance		N/a
Government Performance		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

B.3b: Permanent National DRM Fund annually funded and operational in line with the DRFS. Value No No Yes
Date March 20, 2019 March 31, 2023 January 24, 2023
Comment
B.1a: Number of new financial instruments established in line with the DRFS. Value 0.00 2.00 2.00
Date March 20, 2019 March 31, 2023 February 24, 2023
Comment
A.1a: Percentage of municipalities that have included disaster risk reduction activities in their local development plans. Value 3.50 88.00 29.00
Date March 20, 2019 January 24, 2023 January 24, 2023
Comment
B.1b: Accelerated response time in providing emergency funds after the declaration of emergency. Value 14.00 14.00 14.00
Date March 20, 2019 March 31, 2023 January 24, 2023
Comment
A.1b: Percentage of municipalities that have created or updated local DRM committees in line with the new DRM framework. Value 0.00 69.00 15.00
Date March 20, 2019 January 24, 2023 January 24, 2023
Comment
B.1c: Operations Manual for the implementation of the DRFS adopted by the Ministry of Public Finance (MINFIN). Value No Yes Yes
Date March 20, 2019 March 31, 2023 January 24, 2023
Comment

A.1c: Number of educational facilities constructed in compliance with the technical criteria adopted by the Ministry of Education about safe location and seismic-resistant infrastructure.	Value	100.00	3497.00	220.00
	Date	March 20, 2019	January 24, 2023	January 24, 2023
	Comment

B.2a: Number of new emergency procurement tools and mechanisms in place for dealing with adverse natural events. Value 0.00 3.00 2.00
Date March 20, 2019 March 31, 2023 January 24, 2023
Comment

A.2a: National Institute of Seismology, Volcanology, Meteorology and Hydrology (INSIVUMEH), restructured, strengthened and providing enhanced hazard information related to volcano activity.	Value	No	Yes	Yes
	Date	March 20, 2019	January 24, 2023	January 24, 2023
	Comment

B.2b: Number of fiscal risk budget reports elaborated by the Directorate of Fiscal Transparency that consider natural hazards and climate risks.	Value	2.00	12.00	4.00
	Date	March 20, 2019	March 31, 2023	January 24, 2023
	Comment

A.2b: Coordination of humanitarian assistance guided by the updated National Humanitarian Assistance Manual adopted by the Executive Secretariat of the National Coordinator for Disaster Reduction.	Value	No	Yes	Yes
	Date	March 20, 2019	March 31, 2023	January 24, 2023
	Comment

B.3a: Number of government institutions implementing thematic classifiers in DRM and CCA in line with the new conceptual guide and implementation manual.	Value	0.00	1.00	2.00
	Date	March 20, 2019	March 31, 2023	January 24, 2023
	Comment

A.3a:Number of local communities with environmental risk evaluations completed and disseminated and trained to protect strategic ecosystems and the livelihoods provided by them.	Value	0.00	25.00	25.00
	Date	March 20, 2019	March 31, 2023	January 24, 2023
	Comment

A.1a: Percentage of municipalities that have included disaster risk reduction activities in their local development plans.	Value	3.50	88.00	29.00
	Date	March 20, 2019	January 24, 2023	January 24, 2023
	Comment

B.1b: Accelerated response time in providing emergency funds after the declaration of emergency.	Value	14.00	14.00	14.00
	Date	March 20, 2019	March 31, 2023	January 24, 2023
	Comment