Financier | Commitments |
---|---|
Global Facility for Disaster Reduction and Recovery | 12.24 |
Free-standing Single Purpose Trust Fund | 11.00 |
P175616
Closed
Abigail Baca , Anna-Maria Bogdanova, Rodrigo Donoso Arias
Caribbean Catastrophe Risk Insurance Facility – Segregated Portfolio Company (CCRIF SPC)
Latin America and Caribbean
December 15, 2020
(as of board presentation)
June 25, 2021
September 24, 2021
US$ 23.24 million
Caribbean Catastrophe Risk Insurance Facility – Segregated Portfolio Company (CCRIF SPC)
2021
US$ 23.24 million
N/A
Low
July 31, 2024
Yes
BANK APPROVED
June 6, 2024
Financier | Commitments |
---|---|
Global Facility for Disaster Reduction and Recovery | 12.24 |
Free-standing Single Purpose Trust Fund | 11.00 |
Product Line | IBRD/IDA |
---|---|
IBRD Commitment | N/A |
IDA Commitment | N/A |
IBRD + IDA Commitment | N/A |
Lending Instrument | |
---|---|
Grant Amount | 23.24 |
Total Project Cost** | 23.24 |
Name | Review | Date |
---|---|---|
Overall Implementation Progress (IP) | Satisfactory | 2023-12-11 |
Procurement | Moderately Satisfactory | 2023-12-11 |
Project Management | Satisfactory | 2023-12-11 |
Financial Management | Satisfactory | 2023-12-11 |
Monitoring and Evaluation | Satisfactory | 2023-12-11 |
Progress towards achievement of PDO | Satisfactory | 2023-12-11 |
INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 01-31-2025 |
---|---|
Outcomes | Satisfactory |
Risk to Development Outcome | |
Bank Performance | Satisfactory |
Borrower Performance | |
Government Performance | |
Implementing Agency |
INDICATOR | ICR REVIEW: 06-27-2025 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
---|---|---|
Outcome Rating | 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 | Substantial | N/a |
INDICATOR | BASELINE | CURRENT | TARGET |
---|
CCRIF member countries with catastrophe risk coverage have received payment within a month of the occurrence of an event which triggers an eligible loss | Value | Yes | Yes | Yes |
Date | May 31, 2021 | November 2, 2023 | June 28, 2024 | |
Comment |
Pricing of the earthquake and climate risk policies minimizes costs for members and has actuarial consistency with CCRIF SPC’s long-term sustainability | Value | Yes | Yes | Yes |
Date | June 30, 2022 | November 2, 2022 | June 28, 2024 | |
Comment |
INDICATOR | BASELINE | CURRENT | TARGET |
---|
Pricing of the earthquake risk policies purchased by COSEFIN member countries has actuarial consistency with CCRIF’s survivability and long-term sustainability | Value | Yes | Yes | Yes |
Date | May 31, 2021 | November 2, 2022 | June 28, 2024 | |
Comment |
Pricing of the climate risk related policies purchased by COSEFIN member countries has actuarial consistency with CCRIF’s survivability and long- term sustainability | Value | Yes | Yes | Yes |
Date | May 31, 2021 | November 2, 2023 | June 28, 2024 | |
Comment |
Pricing of the climate risk related policies purchased by CARICOM member countries has actuarial consistency with CCRIF’s survivability and long- term sustainability | Value | Yes | Yes | Yes |
Date | May 31, 2021 | November 2, 2023 | June 28, 2024 | |
Comment |
Insurance products and risk information tools improved for risks related to geophysical events, accessible to COSEFIN countries | Value | 0.00 | 0.00 | 2.00 |
Date | May 31, 2021 | November 2, 2023 | June 28, 2024 | |
Comment |
Insurance products and risk information tools improved for risks related to climate events, accessible to COSEFIN countries | Value | 0.00 | 2.00 | 4.00 |
Date | May 31, 2021 | November 2, 2023 | June 28, 2024 | |
Comment |
New products developed for risks related to climate events, accessible to CARICOM countries | Value | 0.00 | 1.00 | 2.00 |
Date | May 31, 2021 | November 2, 2022 | June 28, 2024 | |
Comment |
COSEFIN countries subscribing to products for geophysical risks. | Value | 2.00 | 2.00 | 2.00 |
Date | November 2, 2022 | November 2, 2023 | June 28, 2024 | |
Comment |
COSEFIN countries subscribing to products for risks related to climate events | Value | 3.00 | 4.00 | 6.00 |
Date | May 31, 2021 | November 2, 2022 | June 28, 2024 | |
Comment |
Insurance products and risk information tools improved for risks related to climate events, accessible to CARICOM countries | Value | 0.00 | 2.00 | 4.00 |
Date | May 31, 2021 | November 2, 2023 | June 28, 2024 | |
Comment |
New products developed for risks related to climate events, accessible to COSEFIN countries | Value | 0.00 | 0.00 | 2.00 |
Date | June 30, 2022 | November 2, 2022 | June 28, 2024 | |
Comment |
Additional CARICOM member countries and/or OCTs subscribing to climate-related products. | Value | 0.00 | 0.00 | 2.00 |
Date | May 31, 2021 | November 2, 2022 | June 28, 2024 | |
Comment |