Cook Islands: Disaster Resilience Program (Phases 1 and 2)
The policy based loan under a contingent disaster financing (CDF) would disburse in the event of a natural disaster to support post-disaster recovery. Phase 1 was designed to provide the government with rapid access to finance, contingent on a natural disaster. Phase 2 expanded the scope of CDF to include health-related emergencies, in addition to disasters triggered by natural hazards.
This report validates the completion report's assessment of the program. IED overall assessment: Successful.