Mongolia – Index-Based Livestock Insurance Proposal

February 23, 2010

Approval date: February 23, 2010
IDA Credit: US$10 million equivalent
Terms: Maturity = 40 years; Grace Period = 10 years
Project ID: P115119

Project Description: The additional credit will help Mongolia finance the costs associated with scaling up the project from four provinces (aimags) up to an additional seventeen (depending on availability of funds). The performance of the parent project has been satisfactory and has sufficiently demonstrated that a phased scale-up is now appropriate to further test viability on a larger scale. The project will be streamlined based on experiences learned from the parent project; however, the basic design of the project will remain unchanged. Because the Disaster Response Product has not been widely adopted and needs to be channeled though a different institutional structure, this component of the project will be dropped.