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... Show More

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

Project ID
P168749
Status
Closed
Team Leader
Tevi Obed
Borrower 2
Republic of Vanuatu

Country
Vanuatu
Disclosure Date
April 2, 2019
Approval Date
(as of board presentation)
January 7, 2020
Effective Date
March 3, 2020

Total Project Cost 1
US$ 0.00 million
Implementing Agency
Department of Strategic Policy, Planning and Aid Coordination,Ministry of Finance and Economic Management
Region
East Asia and Pacific
Fiscal Year 3
2020

Commitment Amount
US$ 10.00 million
Environmental Category
N/A
Last Update Date
June 12, 2024
Closing Date
June 30, 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 change83%
- FY17 - Adaptation83%

FY17 - Finance

FY17 - Finance for Development33%
- FY17 - Disaster Risk Finance33%

FY17 - Human Development and Gender

FY17 - Disease Control1%
- FY17 - Pandemic Response1%
FY17 - Gender33%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management67%
- FY17 - Disaster Preparedness33%
- FY17 - Disaster Response and Recovery33%
- FY17 - Disaster Risk Reduction33%
- FY17 - Flood and Drought Risk Management33%
FY17 - Rural Development33%
- FY17 - Land Administration and Management33%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

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

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

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

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-12-2024
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Moderately Satisfactory
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 11-11-2024	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Moderately Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Moderately 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

Number of Provincial and Municipal Disaster and Climate Change Committees (PDCCCs and MDCCCs) established with funded annual work plans	Value	0.00	8.00	8.00
	Date	January 31, 2020	June 27, 2023	June 27, 2023
	Comment

Compliance with the Debt Management Strategy (DMS) condition of a minimum 35 percent grant element for any new external financing.	Value	Nil	The Government is strictly compliant with the thre	Compliance with the DMS concessionalitycondition
	Date	January 31, 2020	June 27, 2023	June 26, 2023
	Comment

Disaster Recovery Framework developed and approved for implementation by Council of Ministers. Value No Yes Yes
Date January 31, 2020 June 26, 2023 December 9, 2021
Comment

Subdivision Regulations integrating affordability, climate and disaster resilience adopted and applied.	Value	Nil	Not achieved	Regulation applied to 100 percent of new subdivisi
	Date	January 31, 2020	June 27, 2023	June 27, 2023
	Comment

Disaster and climate-risk informed Land Management Planning Committee (LMPC) guidelines adopted and applied.	Value	Nil	Achieved w/ delay	LMPC Guidelines applied to 100 percent ofSubdivis
	Date	January 31, 2020	March 20, 2024	June 26, 2023
	Comment