IBRD Loan (to Macedonia): US$5 million
Terms: Maturity = 30 years; Grace = 18 years
IBRD Loan (to Serbia): US$5 million
Terms: Maturity = 30 years; Grace = 18 years
Project ID: P110910
Project Description: The objective of the South East Europe and Caucasus Catastrophe Risk Insurance Facility Project for Europe and Central Asia is to help increase access of homeowners, farmers, the enterprise sector, and government agencies to financial protection from losses caused by climate change and geological hazards.
