Contingent Loan for Natural Disaster Emergencies Project in PanamaLocation Panama Status
The objective of the project is to support Panama Institute with more effective financial risk management of natural disasters by making available a fast-disbursing, flexible, ex ante financial instrument to cover emergency expenditures in the event of a severe or catastrophic natural disaster.
The estimated total cost of the project is US$ 100 million.
1 November 2012
The estimated total cost of the project is now US$ 350 million. IDB is expected to finance the entire amount through an Ordinary Capital Fund.