| Financier | Commitments |
|---|---|
| Global Facility for Disaster Reduction and Recovery | 10.00 |
| International Bank for Reconstruction and Development | 500.00 |
Indonesia Disaster Risk Finance & Insurance
Abstract*
The Project Development Objective is to strengthen the financial and fiscal resilience of the Government of Indonesia to natural disasters and health-related shocks. This will be achieved by establishing a pooling fund for disasters (Pooling Fund untuk Bencana or hereafter PFB) to protect the budget against disaster shocks; linking this to pre-arranged disbursement channels to provide targeted and timely response following disaster shocks; and building... Show More
Development Objective
The Project Development Objective is to strengthen the financial and fiscal resilience of the Borrower to natural disasters and health-related shocks.
Key Details
Project Details
P173249
Active
Dara Lengkong
Republic of Indonesia
June 3, 2020
(as of board presentation)
January 21, 2021
October 5, 2021
US$ 510.00 million
Ministry of Finance,Indonesia Environment Fund
2021
US$ 510.00 million
N/A
January 30, 2024
October 4, 2025
Yes
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 500.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 500.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | 10.00 |
| Total Project Cost** | 510.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Sep 15, 2022 | IBRD-91970 | Int Charges | 453,698.62 |
| Mar 15, 2023 | IBRD-91970 | Int Charges | 3,266,044.50 |
| Mar 15, 2023 | IBRD-91970 | Int Charges | 446,301.38 |
| Jun 12, 2023 | IBRD-91970 | Loan Disb | 95,000,000.00 |
| Jun 16, 2023 | IBRD-91970 | Loan Disb | 5,000,000.00 |
| Sep 15, 2023 | IBRD-91970 | Int Charges | 5,726,500.00 |
| Sep 15, 2023 | IBRD-91970 | Int Charges | 388,767.12 |
| Mar 15, 2024 | IBRD-91970 | Int Charges | 7,995,025.00 |
| Mar 15, 2024 | IBRD-91970 | Int Charges | 323,749.53 |
| Jul 16, 2024 | IBRD-91970 | Loan Disb | 35,000,000.00 |
| Nov 15, 2021 | IBRD-91970 | Fee Charges | 1,250,000.00 |
| Mar 15, 2022 | IBRD-91970 | Int Charges | 365,750.00 |
| Mar 15, 2022 | IBRD-91970 | Int Charges | 942,739.75 |
| Dec 6, 2021 | IBRD-91970 | Loan Disb | 140,000,000.00 |
| Sep 15, 2022 | IBRD-91970 | Int Charges | 1,381,022.20 |
| Jan 21, 2021 | IBRD-91970 | Loan Commitment | 500,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Procurement | Moderately Unsatisfactory | 2024-12-20 |
| Financial Management | Moderately Satisfactory | 2024-12-20 |
| Monitoring and Evaluation | Satisfactory | 2024-12-20 |
| Overall Implementation Progress (IP) | Moderately Satisfactory | 2024-12-20 |
| Progress towards achievement of PDO | Moderately Unsatisfactory | 2024-12-20 |
| Project Management | Satisfactory | 2024-12-20 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Disbursements made by the pooling fund for low risk (pre-disaster) or high risk (post-disaster) activities, complied with agreed timelines Value 0 (Pooling fund not established) 0 (Pooling fund not established) 80% payments made on time Date January 1, 2021 November 30, 2023 October 4, 2025 Comment Institutional capacity for efficient financing of disaster, climate risk, and health shock related expenditures increased Value No pre-arranged funding mechanism linked to pre-ar No pre-arranged funding mechanism linked to pre-ar A dedicated mechanism established with at least 2 Date January 1, 2021 November 30, 2023 October 4, 2025 Comment Pre-arranged resources available for response and recovery to disasters, and climate and health shocks increased Value IDR 4 trillion (2020 allocation to reserve fund) IDR 7.3 trillion ($500 million DRFI loan equivalen 100 % increase Date January 1, 2021 November 30, 2023 October 4, 2025 Comment
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Pooling Fund established and operational Value No No Yes Date January 1, 2021 November 30, 2023 October 4, 2025 Comment SIMAN database linked to the Pooling Fund for state assets Value No No Yes Date January 1, 2021 November 30, 2023 October 4, 2025 Comment Risk financing strategy for pooling fund adopted and updated annually Value No risk financing strategy Risk Financing Strategy adopted Risk financing strategy adopted Date January 1, 2021 November 30, 2023 October 4, 2025 Comment SIMAN database upgraded with insurance modules and characteristics to enable risk modeling activities related to state assets Value No No Yes Date January 1, 2021 November 30, 2023 October 4, 2025 Comment Pooling Fund establishes agreements with government ministries/agencies to support more effective disaster preparedness and response Value 0.00 0.00 2.00 Date January 1, 2021 November 30, 2023 October 4, 2025 Comment Risk Transfer instrument(s) integrated within the PFB Value No instrument in place No instrument in place At least 1 risk transfer instrument Date January 1, 2021 November 30, 2023 October 4, 2025 Comment Pooling fund develops draft rules for co-financing from subnational governments Value No No Yes Date January 1, 2021 November 30, 2023 October 4, 2025 Comment Annual audits completed and recommendations implemented Value No (PFB does not exist) No audit yet to PFB Yes Date January 1, 2021 November 30, 2023 October 4, 2025 Comment PFB has necessary financial and human resources in place as required by the ESMS Value No No Yes Date January 1, 2021 November 30, 2023 October 4, 2025 Comment Pooling fund annual reports prepared and published Value 0.00 0.00 2.00 Date January 1, 2021 November 30, 2023 October 4, 2025 Comment Staff in ministries eligible to access funding from the PFB demonstrate increased capacity in making informed decisions on risk financing Value No ministries have received training from the PFB No ministries have received training from the PFB Staff in at least 2 ministries have been trained b Date January 1, 2021 November 30, 2023 October 4, 2025 Comment Percentage of management staff appointed in the PFB that are female Value No staff appointed. 60% 20% Date January 1, 2021 November 30, 2023 October 4, 2025 Comment Evaluations and/or Beneficiary Surveys are carried out to enhance quality of design and implementation of the PFB over the lifetimeof the project Value 0.00 0.00 1.00 Date January 1, 2021 November 30, 2023 October 4, 2025 Comment