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AF to the Second Central America and Caribbean Catastrophe Risk Insurance Project

Abstract*

The proposed Additional Financing aims to scale up the Project's impact by allocating additional funds to existing components under the Project, supporting Central America and Caribbean countries’ efforts to improve their financial resilience to manage disasters caused by natural hazards and climate-related events, considering the current limited financial context and the need for additional risk insurance products. This Project aims to support the...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The Project Development Objective (PDO) is to improve the affordability of high-quality sovereign catastrophe risk transfer associated with earthquakes and climate-related events for CCRIF SPC participating countries.

Key Details

Project Details

  • P178710

  • Closed

  • Abigail Baca , Anna-Maria Bogdanova, Rodrigo Donoso Arias

  • Caribbean Catastrophe Risk Insurance Facility – Segregated Portfolio Company (CCRIF SPC)

  • Latin America and Caribbean

  • June 17, 2022

  • (as of board presentation)

    December 22, 2022

  • N/A

  • US$ 20.00 million

  • Caribbean Catastrophe Risk Insurance Facility – Segregated Portfolio Company (CCRIF SPC)

  • Latin America and Caribbean

  • 2023

  • US$ 15.36 million

  • N/A

  • Not Applicable

  • July 31, 2024

  • Yes

  • BANK APPROVED

  • P175616

  • November 16, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
Global Facility for Disaster Reduction and Recovery 5.36
Free-standing Single Purpose Trust Fund 10.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment N/A
IBRD + IDA Commitment N/A
Lending Instrument
Grant Amount 15.36
Total Project Cost** 20.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.