Southeast Asia Disaster Risk Insurance Facility (SEADRIF): Strengthening Financial Resilience in Sou (WB-P170913)

Regions
  • East Asia and Pacific
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
Proposed
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.
Borrower
SEADRIF Trustee
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Fund
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 11.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 25, 2020

Disclosed by Bank Aug 6, 2019


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Project Description

According to bank documents, the project development objective is to improve access to cost-effective, pre-arranged financing for responding to disasters in Southeast Asian countries.

Investment Description
  • World Bank (WB)
Private Actors
Contact Information

World Bank
Alwaleed Fareed Alatabani, Hideaki Hamada, Thu Hang Vu
Lead Financial Sector Specialist

Borrower/Client/Recipient
SEADRIF Trustee
Lauren Murphy
Director & Resident Trust Manager
Lauren.Murphy@intertrustgroup.com

Implementing Agencies
SEADRIF Trustee
Lauren Murphy, Director & Resident Trust Manager
Lauren.Murphy@intertrustgroup.com

SEADRIF Insurance Company
Lauren Murphy, Director & Resident Trust Manager
Lauren.Murphy@intertrustgroup.com

ACCOUNTABILITY MECHANISM OF WORLD BANK

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.