Original disclosure @ WB website
Updated in EWS Sep 13, 2018
Disclosed by Bank Apr 23, 2018
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The Disaster Risk Management (DRM) Development Policy Financing with a Catastrophe Deferred Drawdown Option (DPF with Cat DDO), in the amount of Euro 165.4 million (US$200 million equivalent), will support the Government of Kenya’s (GoK) reform program to improve the country’s capacity to reduce disaster risks and improve management of the socioeconomic and fiscal impacts of disasters. The GoK has initiated a shift toward a more proactive approach to managing disaster and climate risks. This has involved taking systematic steps to develop a comprehensive approach to overall risk management, including addressing impacts of climate change (CC), to build programs and strategies that strengthen national response, and put in place contingency financing that will serve to improve post-disaster liquidity needed to meet emergency and recovery needs.
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