WASHINGTON, September 28, 2017 - The World Bank’s Board of Executive Directors today approved the following project:
Dominican Republic – Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option
IBRD Loan: US$150 million
Terms: Maturity = 19 Years, Grace = 12 Years
Project ID: P159351
Project Description: The objective of the project is to support the efforts of the Government of the Dominican Republic to quickly mobilize resources in the aftermath of a natural catastrophe including public health-related events and to strengthen the government’s capacity for disaster risk management, climate adaptation, and financial resilience.
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More information: https://projects.worldbank.org/P159351?lang=en