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Vanuatu Disaster Risk Management Development Policy Grant with a Catastrophe-Deferred Drawdown Option (CAT-DDO)

Abstract*

The project development objective of the Disaster Risk Management Development Policy Grant with a Catastrophe-Deferred Drawdown Option Project for Vanuatu is to enhance the Recipient's regulatory framework and institutional capacity to: (i) manage and reduce the risks from natural disasters and climate change; and (ii) manage public debt. This stand-alone operation aligns with the national priorities set forth in the Vanuatu climate change adaptation...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The Program Development Objective (PDO) is to enhance the Recipient's regulatory framework and institutional capacity to: (i) manage and reduce the risks from natural disasters and climate change; and (ii) manage public debt.

Key Details

Project Details

  • P168749

  • Closed

  • Tevi Obed

  • Republic of Vanuatu

  • Vanuatu

  • April 2, 2019

  • (as of board presentation)

    January 7, 2020

  • March 3, 2020

  • US$ 0.00 million

  • Department of Strategic Policy, Planning and Aid Coordination,Ministry of Finance and Economic Management

  • East Asia and Pacific

  • 2020

  • US$ 10.00 million

  • N/A

  • June 12, 2024

  • June 30, 2023

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Grant 10.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 10.00
IBRD + IDA Commitment 10.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of February 28, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)
Apr 24, 2020 IDA-D5240 Loan Disb 9,925,810.00
Jan 7, 2020 IDA-D5240 Loan Commitment 10,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2023-06-29
Overall Implementation Progress (IP) Satisfactory 2023-06-29
Program Management Satisfactory 2023-06-29
Monitoring and Evaluation Satisfactory 2023-06-29

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 06-12-2024
OutcomesModerately Satisfactory
Risk to Development Outcome
Bank PerformanceModerately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 11-11-2024PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome RatingModerately Satisfactory N/a
Risk To Development OutcomeN/a
Bank PerformanceModerately SatisfactoryN/a
Borrower PerformanceN/a
Government PerformanceN/a
Implementing AgencyN/a
Icr QualitySubstantialN/a
M&e QualityN/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Number of Provincial and Municipal Disaster and Climate Change Committees (PDCCCs and MDCCCs) established with funded annual work plansValue0.008.008.00
    DateJanuary 31, 2020June 27, 2023June 27, 2023
    Comment
  • Compliance with the Debt Management Strategy (DMS) condition of a minimum 35 percent grant element for any new external financing.ValueNilThe Government is strictly compliant with the threCompliance with the DMS concessionalitycondition
    DateJanuary 31, 2020June 27, 2023June 26, 2023
    Comment
  • Disaster Recovery Framework developed and approved for implementation by Council of Ministers.ValueNoYesYes
    DateJanuary 31, 2020June 26, 2023December 9, 2021
    Comment
  • Subdivision Regulations integrating affordability, climate and disaster resilience adopted and applied.ValueNilNot achievedRegulation applied to 100 percent of new subdivisi
    DateJanuary 31, 2020June 27, 2023June 27, 2023
    Comment
  • Disaster and climate-risk informed Land Management Planning Committee (LMPC) guidelines adopted and applied.ValueNilAchieved w/ delayLMPC Guidelines applied to 100 percent ofSubdivis
    DateJanuary 31, 2020March 20, 2024June 26, 2023
    Comment