Financing opportunities

Immediate Response Loan

Categories

Adaptation

Objectives:

Provide at a concessionary rate to the Government to meet its expenses for the clearing and cleaning of affected areas and for emergency restoration of critical infrastructure and essential public services.

Subcategory:

Disaster risk reduction

Eligible organisations:

Government

Eligible Projects or Programmes:

Activities could include the repair, replacement or the installation of measures to protect and restore vital economic infrastructure necessary for the resumption of social and economic activities.

Proposal/Application requirements:

The request should be accompanied by an initial assessment of the damage as provided by the national ODM, a proposal for the intended use of the loan, and a budget.

Proposal evaluation criteria:

No information

How to Apply:

Country should make a request in writing to the President of CDB as soon as possible after the event and no later than two months after the disaster if it is a rapid-onset event such as a hurricane.On receipt of the request from the BMC, CDB will process the request in as short a time as possible. CDB will make disbursements to the government on the basis of a certificate from a consultant, engaged by CDB after consultation with the government, showing that the goods and/or services were utilized for the approved operations.

Funding limit for individual projects:

750000 USD

Activities supported:

Activities supported