Document Type: Implementation Status and Results Report Report No.: ISR38302 Document Date: AUG 23, 2019

Author: Saldivar-Sali,Artessa Disclosure Status: Disclosed

Document Type: Financing Agreement Report No.: Document Date: OCT 22, 2018

Author: LEGRL Disclosure Status: Disclosed

The objective of the Pacifice Resilence Project Under the Pacific Resilience Program is ‘to strengthen the financial protection of the Republic of the Marshall Islands’, and the project is designed to finance part of the Government of RMI’s insurance premia for catastrophe risk insurance products. ... See More + The additional grant will finance part of the costs associated with scale-up of activities under part one (premiums financing) of the project, enhancing its impact by covering the payment for the disaster insurance premiums for an additional five years, to provide insurance cover until October 2023. This will ensure that RMI continues to have access to catastrophe risk insurance as part of strengthening financial protection against natural disasters. RMI is exposed to a range of hydro-meteorological and geohazards, including tropical cyclone, which is currently covered by the catastrophe risk insurance program. The likelihood that a hazardous event will have a significant impact on the Marshall Islands is rising with the increasing levels of population and assets in the urban areas of Majuro and Ebeye. The low-lying atolls are at risk from tsunamis (and storm surge), which can cause damage to roads, houses, and other infrastructure on the low-lying atolls. Tropical cyclones are expected to become more frequent with climate change.  See Less -

Document Type: Project Paper Report No.: PAD2917 Document Date: SEP 06, 2018

Disclosure Status: Disclosed

Document Type: Implementation Status and Results Report Report No.: ISR33535 Document Date: JUL 24, 2018

Author: Saldivar-Sali,Artessa Disclosure Status: Disclosed

Document Type: Disbursement Letter Report No.: Document Date: OCT 24, 2017

Author: Laohapakakul,Duangrat Disclosure Status: Disclosed

Document Type: Implementation Status and Results Report Report No.: ISR29633 Document Date: OCT 20, 2017

Author: Gitay,Habiba Disclosure Status: Disclosed

Document Type: Implementation Status and Results Report Report No.: ISR28403 Document Date: JUN 16, 2017

Author: Gitay,Habiba Disclosure Status: Disclosed

Document Type: Implementation Status and Results Report Report No.: ISR23570 Document Date: JUN 03, 2016

Author: Jordy,Denis Jean-Jacques

Document Type: Side Letter Report No.: Document Date: JUL 25, 2015

Author: Mpundu,Marjorie; Marjorie Disclosure Status: Disclosed

The development objective of the Pacific Resilience Program Project for Samoa is to strengthen early warning, resilient investments, and financial protection of Samoa. ... See More + The project comprises of four components. The first component, strengthening early warning and preparedness (estimated cost including contingencies objective is to increase the resilience of the participating phase one countries and the Pacific region as a whole to natural hazards such as cyclones, coastal and riverine flooding, volcanic eruptions, tsunamis, and earthquakes by improving the quality of forecasting and warning services as well as disaster preparedness. The second component, risk reduction and resilient investments (estimated cost including contingencies will finance entry level resilient investments, such as the retrofitting of public buildings (for example, schools, health centers) to meet internationally accepted building standards for resilience (including appropriate consideration of gender requirements). The third component, disaster risk financing objective is to strengthen the financial resilience of the participating Pacific Island countries (PICs) to disaster events by enabling them to secure access to immediate liquidity post disaster for low, medium, and high risk events. The fourth component, project and program management objective is to provide efficient and effective implementation support to the projects in each country, including staff, operating costs, monitoring and evaluation, and the cost of audits.  See Less -

Document Type: Project Appraisal Document Report No.: PAD1095 Document Date: MAY 26, 2015

Disclosure Status: Disclosed