WASHINGTON, April 10, 2020 - The World Bank’s Board of Executive Directors today approved the following project:
Honduras - DRM Development Policy Credit with a Catastrophe Deferred Drawdown Option (Cat DDO)
IDA Credit: $119 million
Terms: Maturity = 30 years, Grace = 5 years
Project ID: P172567
Project Description: The objective of the Disaster Risk Management Development Policy Credit with a Catastrophe Deferred Drawdown Option (Cat DDO) is to strengthen Honduras’ institutional and financial framework to manage the risk of adverse natural events including disease outbreaks.
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