Honduras DRM Development Policy Credit with a Catastrophe Deferred Drawdown Option (Cat DDO)

Development Objective

The PDO is to strengthen Honduras's institutional and financial framework to manage the risk of adverse natural events including disease outbreaks

Key Details

Project Details

Project ID
P172567
Status
Closed
Team Leader
Emma Phillips , Nicolas Collin Dit De Montesson
Borrower 2
Republic of Honduras

Country
Honduras
Disclosure Date
November 14, 2019
Approval Date
(as of board presentation)
April 10, 2020
Effective Date
April 29, 2020

Total Project Cost 1
US$ 0.00 million
Implementing Agency
Ministry of Finance (Secretaria de Finanzas - SEFIN)
Region
Latin America and Caribbean
Fiscal Year 3
2020

Commitment Amount
US$ 119.00 million
Environmental Category
N/A
Environmental and Social Risk
N/A
Closing Date
June 30, 2023

Last Stage Reached
BANK APPROVED
Last Update Date
June 26, 2024

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 - Mitigation1%
FY17 - Water Resource Management17%
- FY17 - Water Institutions, Policies and Reform17%

FY17 - Finance

FY17 - Finance for Development17%
- FY17 - Disaster Risk Finance17%

FY17 - Human Development and Gender

FY17 - Disease Control100%
- FY17 - Pandemic Response100%
FY17 - Health Systems and Policies33%
- FY17 - Health System Strengthening33%

FY17 - Public Sector Management

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

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management50%
- FY17 - Disaster Preparedness17%
- FY17 - Disaster Risk Reduction33%
- FY17 - Flood and Drought Risk Management17%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	119.00

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	119.00
IBRD + IDA Commitment	119.00

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

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 15, 2021	IDA-65930	Int Charges	767,550.00
Apr 15, 2021	IDA-65930	Int Charges	767,550.00
Oct 15, 2021	IDA-65930	Int Charges	803,250.00
Oct 15, 2021	IDA-65930	Int Charges	767,550.00
Oct 15, 2021	IDA-65930	Int Charges	767,550.00
Oct 15, 2020	IDA-65930	Int Charges	678,002.50
May 6, 2020	IDA-65930	Loan Disb	119,000,000.00
Oct 15, 2020	IDA-65930	Int Charges	709,537.50
Oct 15, 2020	IDA-65930	Int Charges	678,002.50
Oct 15, 2023	IDA-65930	Int Charges	803,250.00
Oct 15, 2023	IDA-65930	Int Charges	767,550.00
Oct 15, 2023	IDA-65930	Int Charges	767,550.00
Apr 15, 2023	IDA-65930	Int Charges	803,250.00
Apr 15, 2023	IDA-65930	Int Charges	767,550.00
Apr 15, 2023	IDA-65930	Int Charges	767,550.00
Apr 10, 2020	IDA-65930	Loan Commitment	119,000,000.00
Apr 15, 2024	IDA-65930	Int Charges	767,550.00
Apr 15, 2024	IDA-65930	Int Charges	803,250.00
Apr 15, 2024	IDA-65930	Int Charges	767,550.00
Oct 15, 2022	IDA-65930	Int Charges	767,550.00
Oct 15, 2022	IDA-65930	Int Charges	803,250.00
Oct 15, 2022	IDA-65930	Int Charges	767,550.00
Apr 15, 2022	IDA-65930	Int Charges	803,250.00
Apr 15, 2022	IDA-65930	Int Charges	767,550.00
Apr 15, 2022	IDA-65930	Int Charges	767,550.00
Apr 15, 2021	IDA-65930	Int Charges	803,250.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Moderately Satisfactory	2023-06-16
Monitoring and Evaluation	Satisfactory	2023-06-16
Overall Implementation Progress (IP)	Moderately Satisfactory	2023-06-16
Program Management	Satisfactory	2023-06-16

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-23-2024
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 10-03-2024	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

New financial instruments implemented to manage disaster risk and emergencies in accordance with the Disaster Risk Financing Strategy	Value	0.00	7.00	1.00
	Date	April 29, 2020	June 6, 2023	June 30, 2023
	Comment

New or updated Sistema Nacional de Gestión de Riesgos (SINAGER) DRM instruments formulated and approved by the new Ministry of Disaster Risk Management and National Contingencies (COPECO)	Value	0.00	3.00	3.00
	Date	April 29, 2020	June 6, 2023	June 30, 2023
	Comment

Health regions with a Regional Pandemic, Epidemic and Health Emergency Response Plan adopted by the Ministry of Health Value 0.00 100.00 95.00
Date April 29, 2020 June 6, 2023 June 30, 2023
Comment

Water Basin Councils created and operating to reduce water-related risks, in the Dry Corridor region in line with the Water Security Strategy	Value	0.00	4.00	5.00
	Date	April 29, 2020	June 6, 2023	June 30, 2023
	Comment

Municipalities that have formulated or updated and formally approved their local emergency plans in accordance with the new operational guidelines	Value	6.00	249.00	40.00
	Date	April 29, 2020	June 6, 2023	June 30, 2023
	Comment

Weekly epidemiological reports of mandatory notifiable conditions, produced and disseminated following international standards Value 0.00 52.00 52.00
Date April 29, 2020 June 6, 2023 June 30, 2023
Comment
A National Water Authority established and operational Value No No Yes
Date April 29, 2020 June 6, 2023 June 30, 2023
Comment

Weekly epidemiological reports of mandatory notifiable conditions, produced and disseminated following international standards	Value	0.00	52.00	52.00
	Date	April 29, 2020	June 6, 2023	June 30, 2023
	Comment