Cabo Verde Disaster Risk Management Development Policy Credit and Loan with Cat DDO (WB-P160628)

Countries
  • Cape Verde
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
Approved
Bank Risk Rating
U
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
Oct 30, 2018
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
MINISTRY OF FINANCE AND PLANNING
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 10.00 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)
$ 8.00 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 Jan 16, 2019

Disclosed by Bank Jul 13, 2018


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Project Description

The development objective of the proposed operation is to support the Government of the Republic of Cabo Verde in:

  1. Strengthening the institutional and legal framework to increase disaster and climate resilience; and
  2. Incorporating disaster and climate resilience considerations and technical standards into the management of school infrastructure and territorial planning.

The proposed operation is designed to support the Government’s ongoing reforms to mainstream and incorporate disaster risk reduction and climate resilience as a cross-cutting requirement through the sectors and development planning. Cabo Verde has recently started designing the legal and institutional framework that set the stage
for a comprehensive disaster risk management system. The program supported by this DPC/L supports the establishment of the necessary institutional structures and protocols to increase the preparedness, response capacity, and resilience to natural catastrophes. Such an institutional framework is essential for mainstreaming DRM and climate resilience into the decision-making process. Furthermore, the reforms will also strengthen the territorial planning and urban development processes and increase disaster and climate resilience of public and private school infrastructure assets, which will reduce the long-term human and economic impact of disasters.

Investment Description
  • World Bank (WB)
Contact Information

World Bank:
Oscar Anil Ishizawa Escudero, Robert Curle Jesse Reid
Senior Disaster Risk Management Specialist

Borrower:
Ministério das Finanças
Carla Cruz
National Director for Planning
carla.cruz@mf.gov.cv 

Implementing Agency:
Ministério das Finanças
Carla Cruz
National Director for Planning
Carla.Cruz@mf.gov.cv 

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