According to the bank document, "the proposed Investment Project Financing with Performance-Based Conditions (IPF-PBC) Project (the “Project”) aims to support the establishment of the pooling fund and associated activities as a key component under Indonesia’s Disaster Risk Finance and Insurance (DRFI) program as constituted by its National DRFI Strategy and Implementation Plan 2018-2023.
It will consist of IPF-PBC financing in the amount of US$500 million from IBRD, complemented by a small grant-based IPF component to support capacity strengthening and provide technical assistance for successful implementation of the Program. For this, the team will seek financing in the amount of US$ 10 million from the Global Risk Financing Facility.
The Project Development Objective is to strengthen the financial and fiscal resilience of the Government of Indonesia to natural disasters and health-related shocks.
There are several project components as following:
Component 1: Establishing and capitalizing the pooling fund,
Component 2: Improving Preparedness for More Effective Disaster Response Across Government Agencies, and
Component 3: Strengthen pooling fund capacity and systems to effectively support risk financing and disaster response".
Global Facility for Disaster Reduction and Recovery (non-World Bank Group funding) US$ 10.00 million
Francesco Strobbe: Senior Financial Sector Economist
Republic of Indonesia
Fiscal Policy Agency, Ministry of Finance
1/ Contact: Luky Alfirman
Title: DG of Budget Financing and Risk Management
2/ Contact: Dr. Febrio Nathan Kacaribu
Title: DG of Fiscal Policy Unit
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