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Second Costa Rica Disaster Risk Management Development Policy Loan with a CAT DDO

Abstract*

The development objective of the Second Costa Rica Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option (Cat DDO) for Costa Rica is to enhance the Government of Costa Rica’s capacity to manage disaster risk resulting from the occurrence of natural and health related hazards and the impacts of climate change. The operation builds on the successful implementation and achievements of the first Cat DDO and reflects...

* 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 PDO is to enhance the Government of Costa Rica’s capacity to manage disaster risk resulting from the occurrence of natural and health related hazards and the impacts of climate change.

Key Details

Project Details

  • P179861

  • Active

  • Luis Duran Vargas

  • Republic of Costa Rica

  • Costa Rica

  • November 1, 2022

  • (as of board presentation)

    March 23, 2023

  • December 13, 2024

  • US$ 0.00 million

  • National Commission for Risk Prevention and Emergency Response (CNE),Ministry of Finance of Costa Rica

  • Latin America And Caribbean

  • 2023

  • US$ 160.00 million

  • N/A

  • September 21, 2023

  • March 24, 2026

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 160.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 160.00
IDA Commitment N/A
IBRD + IDA Commitment 160.00
Lending Instrument
Grant Amount N/A
Total Project Cost** N/A

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

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

Detailed Financial Activity as of January 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Mar 23, 2023 IBRD-95020 Loan Commitment 160,000,000.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Monitoring and Evaluation Satisfactory 2024-05-18
Overall Implementation Progress (IP) Satisfactory 2024-05-18
Progress towards achievement of PDO Satisfactory 2024-05-18
Program Management Satisfactory 2024-05-18

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.