Sri Lanka: Disaster Risk Financing Program
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/Economy
Sri Lanka -
Sector
- Public sector management
| Project Name | Disaster Risk Financing Program | ||||
| Project Number | 51097-001 | ||||
| Country / Economy | Sri Lanka |
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| Project Status | Proposed | ||||
| Project Type / Modality of Assistance | Loan Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Partnerships |
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| Sector / Subsector |
Finance / Finance sector development Public sector management / Public expenditure and fiscal management |
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| 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 |
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Evaluation Documents See also: Independent Evaluation
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Related Publications
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Tenders
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Procurement Plan
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