51097-001: Disaster Risk Financing Program | Asian Development Bank

Sri Lanka: Disaster Risk Financing Program

Sovereign (Public) Project | 51097-001 Status: Proposed

The proposed program takes a policy-based lending (PBL) modality and provides a stand-by credit facility which can be drawdown by the government when a significant disaster occurs. The Program will help the government to improve fiscal resilience to minimize economic impact from disasters and pursue sustained economic growth.

Project Details

Project Officer
Ozaki, Mayumi South Asia Department Request for information
Country
  • Sri Lanka
Sector
  • Public sector management
 
Project Name Disaster Risk Financing Program
Project Number 51097-001
Country Sri Lanka
Project Status Proposed
Project Type / Modality of Assistance Loan
Technical Assistance
Source of Funding / Amount
Loan: Disaster Risk Financing Program
Ordinary capital resources US$ 100.00 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Partnerships
Sector / Subsector

Finance / Finance sector development

Public sector management / Public expenditure and fiscal management

Gender Equity and Mainstreaming Some gender elements
Description The proposed program takes a policy-based lending (PBL) modality and provides a stand-by credit facility which can be drawdown by the government when a significant disaster occurs. The Program will help the government to improve fiscal resilience to minimize economic impact from disasters and pursue sustained economic growth.
Project Rationale and Linkage to Country/Regional Strategy The program provides a stand-alone, stand-by contingent credit facility to enable the government to swiftly respond to disasters. The policy-based lending modality is suitable as the policy conditions can ensure the government to institute an appropriate fiscal and disaster management framework as a prerequisite to access to the facility.
Impact
Outcome
Outputs
Geographical Location Nation-wide
Safeguard Categories
Environment C
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Ozaki, Mayumi
Responsible ADB Department South Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SARD
Executing Agencies
Ministry of Finance and Planning
P.O. Box 277
The Secretariat Building, Colombo 1
Sri Lanka
Timetable
Concept Clearance 15 Mar 2017
Fact Finding 24 Apr 2017 to 28 Apr 2017
MRM 28 Jun 2017
Approval -
Last Review Mission -
Last PDS Update 14 Sep 2017

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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