Additional Financing Dominica Disaster Vulnerability Reduction Project (WB-P166540)

Countries
  • Dominica
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
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, 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
Government of Dominica
The holder of the loan, grant, or other investment.
Sectors
  • Humanitarian Response
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)
$ 31.00 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)
$ 31.00 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 Oct 6, 2018

Disclosed by Bank Mar 15, 2018


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Project Description

Acording to the bank, the objective of the Disaster Vulnerability Reduction Project for Dominica is to reduce vulnerability to natural hazards and climate change impacts in Dominica through: (i) investment in resilient infrastructure, and (ii) improved hazard data collection and monitoring systems. This project paper seeks the approval of the Executive Directors to provide an additional IDA Credit in the amount of 31 million US dollars to the Disaster Vulnerability Reduction Project (DVRP, P129992). The proposed Additional Financing (AF) will scale up activities initiated under the original credit following Tropical Storm Erika in August 2015 and Hurricane Maria in September 2017. Concurrently, it is also proposed to restructure the DVRP to support activities prioritized by the Government of the Commonwealth of Dominica (GoCD) as part of its recovery and reconstruction strategy post Hurricane Maria and to extend the closing date of the DVRP by three years to June 30, 2023, which is the proposed closing date of the AF. The project comprises four components: (i) prevention and adaptation investments; (ii) capacity building and data development, hazard risk management and evaluation; (iii) natural disaster response investments; and (iv) project management and implementation support. 

Investment Description
  • World Bank (WB)
Contact Information

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