The World Bank announces the approval of a Catastrophe Deferred Drawdown Option (Cat-DDO) to support the Dominican Republic’s disaster risk management efforts. The loan requires congressional approval.
The program seeks to improve the government’s capacity to strengthen disaster preparedness, response and recovery, benefiting especially the most vulnerable in the Dominican Republic. Cat-DDO can be quickly disbursed to respond to a natural disaster or health-related event.
As an island, the Dominican Republic is subject to hurricanes, flooding and earthquakes and health hazards, such as was Covid-19 and is the cholera-outbreak in Haiti. The Dominican Republic shares the island of Hispaniola with the poorest country in the Americas, Haiti.
“The government of the Dominican Republic has called for major reforms to improve disaster risk management and climate change adaptation, with an emphasis...
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