| Financier | Commitments |
|---|---|
| IDA Credit | 100.00 |
| IDA Grant | 180.00 |
| Global Risk Financing Facility Multi-Donor Trust Fund | 26.00 |
Regional Emergency Preparedness & Access to Inclusive Recovery Project
Abstract*
The MPA will establish a Regional Climate Risk Fund (RCRF) to provide affordable, pre-arranged financing to AFE countries ahead of climate and other shocks. The operation seeks to strengthen the financial and operational preparedness of governments and country systems in Eastern and Southern Africa. Setting up the regional climate risk fund will pool countries' climate risks to transfer some of those risks to financial markets. The reserve layer of... Show More
Development Objective
To strengthen the financial and operational preparedness of participating countries to respond quickly to climate and other shocks.
Key Details
Project Details
P181014
Active
Caroline Cerruti Hailey , Ruben Barreto, Etienne Sannicolo
Ministry of Finance of Madagascar,Ministry of Finance Mozambique,Ministry of Finance of Comoros
Eastern and Southern Africa
November 29, 2023
(as of board presentation)
July 30, 2024
August 28, 2024
US$ 0.00 million
African Risk Capacity Ltd
2025
US$ 306.00 million
N/A
July 14, 2023
June 30, 2031
TBD
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 280.00 |
| IBRD + IDA Commitment | 280.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | 26.00 |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jul 30, 2024 | IDA-E3540 | Loan Commitment | 10,000,000.00 |
| Jul 30, 2024 | IDA-E3510 | Loan Commitment | 170,000,000.00 |
| Jul 30, 2024 | IDA-76130 | Loan Commitment | 100,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
| Name | Review | Date |
|---|---|---|
| Project Management | Satisfactory | 2024-10-31 |
| Procurement | Satisfactory | 2024-10-31 |
| Progress towards achievement of PDO | Satisfactory | 2024-10-31 |
| Financial Management | Satisfactory | 2024-10-31 |
| Monitoring and Evaluation | Satisfactory | 2024-10-31 |
| Overall Implementation Progress (IP) | Satisfactory | 2024-10-31 |
COMPLETION RATINGS
No data available.
INDEPENDENT EVALUATION RATINGS
No data available.
Results Framework
No data available.