Third Guatemala Development Policy Loan for Disaster Risk Management with a Catastrophe Deferred Drawdown Option (CAT DDO) (WB-P505784)

Countries
  • Guatemala
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Sep 24, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Republic of Guatemala
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 430.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Loan Amount (USD)
$ 430.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 430.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 22, 2026

Disclosed by Bank Nov 15, 2024

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the WB, the development objective is to support the Government of Guatemala in: (i) strengthening the institutional capacity for inclusive DRM and CCA, including financial support for vulnerable groups; and (ii) mainstreaming DRM and CCA in selected sectors

The development objective of the Third Disaster Risk Management (DRM) Development Policy Loan with a Catastrophe Deferred Drawdown Option (CAT DDO) Project for Guatemala is to support the Government of Guatemala (GoG) in: (i) strengthening the institutional capacity for inclusive DRM and climate change adaptation (CCA), including financial support for vulnerable groups; and (ii) mainstreaming DRM and CCA in selected sectors. It builds on the successes and lessons learned from two previous CAT DDOs, approved in 2009 and 2019, and over 15 years of partnership between the GoG and the World Bank on disaster and climate risk management. this operation is expected to be a key component of the GoG's disaster risk financing strategy (DRFS), serving as one of the few and preferred instruments available to the government for emergency response. It will enable rapid resource mobilization after extreme natural events, thereby mitigating budget shocks, facilitating recovery processes, and fostering macro-fiscal stability. Additionally, this operation will enhance the DRM policy framework by promoting the adoption of a multisectoral approach that devolves DRM and CCA responsibilities to line ministries and relevant sectoral agencies. The policy reform supported by this CAT DDO will also expand the country's social protection (SP) system to better safeguard vulnerable households against hazards and sudden income loss and improve their capacity to manage risks.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
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No contacts available at the time of disclosure

 

ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

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How it works