IBRD Loan: US$50million equivalent
Terms: Maturity = 24.5 years; Grace = 5 years
Project ID: P122640
Project Description: The objective of the proposed operation is to enhance the Government of El Salvador's capacity to implement its Disaster Risk Management Program for natural disasters. This objective will be achieved through budget financing that will support the government’s policy and institutional reform. El Salvador has made significant progress in developing its natural disaster management program and strengthening its civil protection and disaster prevention and mitigation system. In recent years, the country has taken important steps toward implementing a sound disaster risk management framework, focusing on actions to mitigate natural disaster risks and lower the country's vulnerability to these risks.