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World Bank Asian Development Bank Inter-American Development
Bank
Post-disaster finance facilities
Development Policy Loan with
Catastrophe Deferred Drawdown
Option (Cat DDO): Credit of up to USD
500 million or 0.25% of GDP.
Eligibility contingent on existence of
an approved disaster risk
management programme. Funds
triggered based on national disaster
declaration.
Contingent Crisis Response
Window (CRW): established in
2011 as a component of standard
IDA16 loans to address natural
and economic shocks.
Immediate Response Mechanism
(IRM): established in 2011 allows
IDA countries immediate access to
a portion of the undisbursed
balances of their IDA project
portfolio in the event of an eligible
crisis.
Emergency assistance loans
(EALs): short-term post-disaster
loans to re-build high priority
assets and restore economic
activities. EALs are processed
utilizing fast-track procedures.
Pilot Disaster Response (PDR)
Facility in the Asian Development
Fund (ADF) XI period, 2013–2016:
The DRF contains 3% of the
performance-based allocation from
the ADF pool. In the event of a
disaster caused by a natural
hazard, an ADF-only country can
get up to 100% of its annual
performance-based allocation
(PBA) from the DRF to respond to
the disaster, without affecting its
allocation for other operations from
the remaining PBA. A blend
country affected by a disaster can
receive up to 3% of its annual PBA
from the DRF.
Asia Pacific DisasterResponse
Fund: A fund providing grant
assistance (up to USD 3 million) to
restore lifesaving services in the
immediate aftermath of a disaster
to ADB’s developing member
countries.
Contingent Credit facility for
Natural Disaster Emergencies: A
USD 600 million contingent credit
facility established in 2009
providing loans of up to USD 100
million, with disbursements linked
to pre-agreed parametric triggers.
A CALCULATED RISK: HOW DONORS SHOULD ENGAGE WITH RISK FINANCING AND TRANSFER MECHANISMS
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