Dominican Republic DRM Development Policy Loan with a Catastrophe Deferred Drawdown Option (Cat DDO (WB-P159351)

Countries
  • Dominican Republic
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 28, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
MINISTERIO DE HACIENDA
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Humanitarian Response
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Jun 27, 2018

Disclosed by Bank Aug 31, 2017


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Project Description

According to the World Bank, this objective of the project is to support the Government of the Dominican Republic in strengthening institutions for improved climate and disaster relief in priority sectors and estabishing mandatory regultions for climate and disaster risk reduction in public investment and construction works. It will build on previous policy reforms by the Government in its Disaster Risk Management and Climate Change Adaptation systems to mainstream the programs while ensuring their sustainability. The World Bank says this project will directly contribute to enhancing the country's capacities to adapt to climate change.

Investment Description
  • World Bank (WB)

Loan agreement between the Dominican Republic and the International Bank for Reconstruction and Development.

Contact Information

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The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.