The World Bank Report No: ISR16386 Implementation Status & Results Sri Lanka CATASTROPHE DEFERRED DRAWDOWN OPTION (DPL with DDO) (P147454) Public Disclosure Copy Project Name: CATASTROPHE DEFERRED DRAWDOWN OPTION (DPL Program Stage: Implementation Seq.No: 1 Status: ARCHIVED Archive Date: 19-Oct-2014 with DDO) (P147454) Country: Sri Lanka Approval FY: 2014 Product Line: IBRD/IDA Region: SOUTH ASIA Lending Instrument: Development Policy Lending Implementing Agency(ies): Key Dates Board Approval Date 22-Apr-2014 Original Closing Date 31-May-2017 Planned Mid Term Review Date 26-Feb-2016 Last Archived ISR Date Effectiveness Date 22-Aug-2014 Revised Closing Date 31-May-2017 Actual Mid Term Review Date Program Development Objectives Program Development Objective (from Program Document) The PDO is to enhance the capacity of the Government of Sri Lanka (GoSL) to be more resilient to the impacts of natural disasters. Has the Program Development Objective been changed since Board Approval of the Program? Yes No Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Overall Implementation Progress (IP) Satisfactory Implementation Status Overview The program is moving forward and on track. The fiscal disaster risk assessment has been completed, one of the project results indicators, and the larger technical assistance to improve the capacity of GoSL to manage the fiscal impacts of disasters through development of a national disaster risk financing and insurance (DRFI) strategy is about to start. To Public Disclosure Copy improve the capacity to minimize floods and landslides through systematic uptake of relevant building and planning guidelines in two line ministries, the flood and drought risk assessment and investment plan is currently being tendered. In addition, the national monitoring framework to measure implementation of the Comprehensive Disaster Management Program by the Ministry of Disaster Management has been approved and is ongoing. Finally, the national data sharing platform, riskinfo.lk has been completed and is in process of being operationalized. This will improve information management and analytical capacities in geospatial planning by the Ministry of Disaster Management and other relevant line ministries. Results Results Indicators Page 1 of 3 The World Bank Report No: ISR16386 Indicator Name Core Unit of Measure Baseline Current End Target National Disaster Risk Financing and Percentage Value 0.00 0.00 100.00 Insurance strategy Date 01-Sep-2014 30-Sep-2014 10-Jul-2017 Public Disclosure Copy Comments Awaiting completion of fiscal Options for Disaster Risk DRFI program in place disaster risk assessment Financing and Insurance Strategy currently being considered 9 basin-wide risk mitigation investment plans Number Value 0.00 0.00 9.00 developed Date 01-Sep-2014 30-Sep-2014 10-Jul-2017 Comments Terms of Reference being Tender process ongoing for 9 basin-wide risk mitigation finalized for activity completion of risk mitigation investment plans developed investment plans Fiscal disaster risk assessment completed Yes/No Value No Yes Yes Date 01-Sep-2014 30-Sep-2014 31-Dec-2014 Comments Fiscal Risk Assessment in Report Completed progress Approval of a national monitoring framework to Yes/No Value No Yes Yes measure implementation of the Comprehensive Date 01-Sep-2014 30-Sep-2014 31-Dec-2014 Disaster Management Plan Comments Comprehensive Disaster Comprehensive Disaster Comprehensive Disaster Management Plan M&E Management Plan M&E Management Plan M&E framework being developed framework finalized and in framework finalized and in place place Geospatial data sharing platform established to Yes/No Value No No Yes share disaster risk information amongst Date 01-Sep-2014 30-Sep-2014 30-Jun-2015 relevant stakeholders Comments Geospatial platform - riskinfo. Geospatial platform 80% Operational portal completed, lk under development completed. Strategy to with data sharing protocols in operationalize data sharing place and functioning protocols currently ongoing Public Disclosure Copy Data on Financial Performance (as of 26-Sep-2014) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P147454 IBRD-83570 Effective 22-Apr-2014 10-Jul-2014 22-Aug-2014 31-May-2017 31-May-2017 P147454 TF-16699 Effective 11-Jul-2014 11-Jul-2014 11-Jul-2014 30-Jun-2015 30-Jun-2015 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed Page 2 of 3 The World Bank Report No: ISR16386 P147454 IBRD-83570 Effective USD 102.00 102.00 0.00 0.51 101.49 1.00 P147454 TF-16699 Effective USD 0.42 0.42 0.00 0.00 0.42 0.00 Tranches Public Disclosure Copy Tranche 1 Amount (USD) Expected Release Date Actual Release Date Status 0 Pending Released Key Decisions Regarding Implementation The CAT DDO was declared effective on August 22, 2014 and funds are now available for drawdown, upon declaration of a state of emergency Restructuring History There has been no restructuring to date. Related Operations There are no related projects. Public Disclosure Copy Page 3 of 3