Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option

WASHINGTON, September 28, 2017 – The World Bank’s Board of Executive Directors today approved the following project: Dominican Republic – Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option IBRD Loan: US$150 millionProject ID: P159351 Project Description: The objective of the project is to support the efforts of the Government of the Dominican Republic to quickly mobilize resources in the aftermath of a natural catastrophe including public health-related events and to strengthen the government’s capacity for disaster risk management, climate adaptation, and financial resilience. Contact: Christelle Chapoy +1(202) 458 2656 More information: http://projects.worldbank.org/P159351?lang=en

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