Bhutan Development Policy Financing with Cat DDO

Abstract*

The operation will provide the Royal Government of Bhutan (RGOB) access to immediate liquidity in the aftermath of natural disasters through an IDA US14.8 million dollars Development Policy Financing (DPF) with Catastrophe Deferred Drawdown Option (Cat DDO). This Cat DDO is closely aligned with the RGOB’s Twelfth Five Year Plan (FYP) for FY2018-23, which recognizes the urgency in enhancing the country’s climate and disaster resilience. Addressing... Show More

Development Objective

To support the Royal Government of Bhutan in enhancing its technical and institutional capacity to manage the risk of climate change and natural disasters including disease outbreaks.

Key Details

Project Details

Project ID
P173008
Status
Closed
Team Leader
Naho Shibuya , Armando Guzman Escobar
Borrower 2
The Kingdom of Bhutan

Country
Bhutan
Disclosure Date
April 7, 2020
Approval Date
(as of board presentation)
May 12, 2020
Effective Date
June 1, 2020

Total Project Cost 1
US$ 0.00 million
Implementing Agency
Ministry of Finance
Region
South Asia
Fiscal Year 3
2020

Commitment Amount
US$ 14.80 million
Environmental Category
N/A
Environmental and Social Risk
N/A
Closing Date
June 30, 2023

Last Stage Reached
BANK APPROVED
Last Update Date
May 10, 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 - Economic Policy

FY17 - Economic Growth and Planning25%
- FY17 - Green Growth25%

FY17 - Environment and Natural Resource Management

FY17 - Climate change64%
- FY17 - Adaptation49%
- FY17 - Mitigation15%
FY17 - Energy25%
- FY17 - Energy Efficiency25%

FY17 - Human Development and Gender

FY17 - Disease Control100%
- FY17 - Pandemic Response100%
FY17 - Health Systems and Policies25%
- FY17 - Health System Strengthening25%

FY17 - Urban and Rural Development

FY17 - Disaster Risk Management25%
- FY17 - Disaster Preparedness25%
FY17 - Urban Development25%
- FY17 - Services and Housing for the Poor25%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
IDA Credit	14.80

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	14.80
IBRD + IDA Commitment	14.80

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$)
Sep 1, 2021	IDA-66220	Int Charges	147.48
Sep 1, 2021	IDA-66220	Int Charges	147.48
Sep 1, 2021	IDA-66220	Int Charges	58,027.46
Mar 1, 2022	IDA-66220	Int Charges	28.20
Mar 1, 2022	IDA-66220	Int Charges	28.20
Mar 1, 2022	IDA-66220	Int Charges	56,981.80
Mar 1, 2022	IDA-66220	Int Charges	56,981.80
Sep 1, 2021	IDA-66220	Int Charges	58,027.46
Mar 1, 2021	IDA-66220	Int Charges	58,725.52
Mar 1, 2021	IDA-66220	Int Charges	58,725.52
Mar 1, 2021	IDA-66220	Int Charges	788.11
Mar 1, 2021	IDA-66220	Int Charges	788.11
Sep 1, 2020	IDA-66220	Int Charges	23,140.53
Sep 1, 2020	IDA-66220	Int Charges	23,140.53
Jun 17, 2020	IDA-66220	Loan Disb	15,040,474.00
Mar 1, 2023	IDA-66220	Int Charges	1,143.67
Mar 1, 2023	IDA-66220	Int Charges	1,143.67
Mar 1, 2023	IDA-66220	Int Charges	53,254.40
Mar 1, 2023	IDA-66220	Int Charges	53,254.40
Sep 1, 2022	IDA-66220	Int Charges	53,017.33
Sep 1, 2022	IDA-66220	Int Charges	53,017.33
Sep 1, 2022	IDA-66220	Int Charges	198.24
Sep 1, 2022	IDA-66220	Int Charges	198.24
Sep 1, 2023	IDA-66220	Int Charges	54,364.57
Sep 1, 2023	IDA-66220	Int Charges	54,364.57
Sep 1, 2023	IDA-66220	Int Charges	123.51
Sep 1, 2023	IDA-66220	Int Charges	123.51
Mar 1, 2024	IDA-66220	Int Charges	2.04
May 12, 2020	IDA-66220	Loan Commitment	14,800,000.00
Mar 1, 2024	IDA-66220	Int Charges	2.04
Mar 1, 2024	IDA-66220	Int Charges	54,224.78
Mar 1, 2024	IDA-66220	Int Charges	54,224.78

Footnotes

Ratings

IMPLEMENTATION RATINGS

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

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 05-09-2024
Outcomes	Moderately Satisfactory
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 08-30-2024	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

1A) The interim Engineering Council of Bhutan is established under the DES for registering and certifying construction professionals based on technical qualification criteria.	Value	0.00	29.00	50.00
	Date	May 12, 2020	June 26, 2023	June 26, 2023
	Comment

3) Draft National Meteorology and Hydrology Policy is prepared for submission to the GNHC Value 0.00 1.00 1.00
Date May 12, 2020 June 26, 2023 June 26, 2023
Comment

1B) A construction quality compliance mechanism for enforcing safe, resilient and green construction is established and implementedby the Construction Development Board (CDB)	Value	No	Yes	Yes
	Date	May 12, 2020	June 26, 2023	June 26, 2023
	Comment

4) MoH carries out simulations and mock drill exercises in accordance with the BPPRP and SOPs Value 0.00 104.00 3.00
Date May 12, 2020 June 26, 2023 June 26, 2023
Comment
Works above BTN10 million (US$130,000) monitored Value 0.00 65.80 60.00
Date May 12, 2020 June 26, 2023 June 26, 2023
Comment
Works below BTN10 million (US$130,000) monitored. Value 0.00 2.80 0.00
Date
Comment
2) State land for resilient, affordable and energy efficient housing development is identified. Value 0.00 12.00 4.00
Date May 12, 2020 June 26, 2023 June 26, 2023
Comment

Works below BTN10 million (US$130,000) monitored.	Value	0.00	2.80	0.00
	Date
	Comment