Contingent Loan for Natural Disaster and Public Health Emergencies

The general development objective of the project is to help cushion the impact that a natural disaster or a severe or catastrophic public health event could have on the country's public finances. The specific development objective is to improve the financial management of natural disaster and public health risks by increasing stable, cost-efficient and rapidly accessible contingent financing to cover extraordinary public expenses aimed at assisting the population affected by natural disaster and public health emergencies.

Project Detail

Country

Colombia

Project Number

CO-O0018

Approval Date

Project Status

Preparation

Project Type

Container

Sector

FINANCIAL MARKETS

Subsector

RISK FINANCING

Lending Instrument

Lending Instrument Code

Modality

Facility

Facility Type

CCF (Contingent Credit Financing for Natural Disasters)

Environmental Classification

Total Cost

Country Counterpart Financing

Original Amount Approved

USD 400,000,000.00

Financial Information

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Preparation Phase

https://www.iadb.org/document.cfm?id=EZIDB0001643-2067336360-41

Project Profile

CO-O0018 - PP aprobado para divulgacion.pdf

May. 17, 2024

Spanish

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