The World Bank Report No: ISR15382 Implementation Status & Results Panama Disaster Risk Management Development Policy Loan with a CAT DDO (P122738) Public Disclosure Copy Project Name: Disaster Risk Management Development Policy Loan with a Program Stage: Implementation Seq.No: 5 Status: ARCHIVED Archive Date: 05-Jul-2014 CAT DDO (P122738) Country: Panama Approval FY: 2012 Product Line: IBRD/IDA Region: LATIN AMERICA AND CARIBBEAN Lending Instrument: Development Policy Lending Implementing Agency(ies): Key Dates Board Approval Date 18-Oct-2011 Original Closing Date 30-Nov-2012 Planned Mid Term Review Date Last Archived ISR Date 01-Dec-2013 Effectiveness Date 07-Mar-2012 Revised Closing Date 30-Nov-2014 Actual Mid Term Review Date Program Development Objectives Program Development Objective (from Program Document) The overall development objective of the proposed operation is to enhance the Government of Panama's capacity to implement its disaster risk management program for natural disasters as part of its disaster risk management (DRM) national framework. The DPL with CAT DDO will provide a source of immediate liquidity in case of a natural disaster. The DPL with a CAT DDO instrument is designed to be a quick and flexible source of financing. 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 Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Implementation Status Overview Public Disclosure Copy This project was approved on October 18, 2011, signed on January 4, 2012, and declared effective on March 7, 2012. Since then, the GoP has consistently continued implementing its DRM Program and has shown steady progress towards achieving the PDO in three areas related to the project prior actions. I. Comprehensive Disaster Risk Management National Policy-PNGIR. The GoP has consolidated and upgraded the legal status of the National Platform for DRR, broadening its membership with new institutions from civil society, academia and the private sector (Executive Decree No. 41 of January 2013). Also empowered by this Executive Decree, the National Platform has established its first Directorate Board (Resolution 02-04-2014) and has continued fostering the development of sub-national platforms in various provinces. In December 2013, a National Workshop aimed to identify disaster risk reduction actions based on new available disaster risk evaluation information, including probabilistic risk evaluation generated with support of the World Bank, was successfully implemented. Previously, one National Forum to socialize and monitor the implementation of the PNGIR was organized in May 2013, followed by two Fora with local authorities (August and October 2013). Additionally and in line with the PNGIR, the GoP has approved the National Post- disaster Recovery Framework, which is the first of this nature in Panama (Resolution 01-04-2004). II. DRM National Plan. The Plan was approved by the DRM National Platform (Resolution 01-04-2014) on 24 April 2014. The Plan will span from 2015 to 2020, and culminates a wide participatory consultation process initiated in mid 2013. At the same time, the Ministries of Economy and Finance (MEF), and Housing and Land Use Planning (MIVIOT), have Page 1 of 3 The World Bank Report No: ISR15382 continued implementing several priority actions: (i) MEF is already implementing a new DRM budgetary code (Resolution No. 030, of March 2012). The code allows GoP institutions to allocate and invest resources for ex-ante DRM initiatives for the next fiscal year. Moreover, MEF´s Directorate of Investment Programming has recently launched (April 2013), a new Geographic Information System for the SINIP, which includes disaster risk information and indicators. Public Disclosure Copy (ii) Since December 2013, MIVIOT has, with other institutions, started a probabilistic seismic risk assessment for the metropolitan area of Panama City, building on the successfully implemented CAPRA study in David in 2012. III. MEF Directorate of Investment, Concessions, and Risks (DICRE) has finalized the development of a Disaster Risk Financing and Insurance Strategic Framework. This Strategic Framework, which is expected to be formally approved in June 2014, will be implemented through an Action Plan currently being developed by DICRE. In addition, DICRE is currently designing and formalizing the operational structure of the Risk Department, including the definition of the professional profiles for the new personnel to be recruited. It is also worthwhile to mention that the GoP submitted a letter to the Central American Council of Ministers of Finance (COSEFIN) stating Panama´s interest in further exploring a potential membership with the Caribbean Catastrophe Risk Insurance Facility (CCRIF) in 2015. Results Results Indicators Indicator Name Core Unit of Measure Baseline Current End Target Increased GoP capacity for disaster risk Number Value 1.00 4.00 4.00 reduction (DRR) Date 30-Jan-2012 30-Apr-2014 30-Nov-2014 Comments One province has updated its The target has been met. Four provinces have updated protocols for disaster Additionally, the GoP has protocols for disaster preparedness and response. approved the National Pos- preparedness and response. disaster Recovery Framework, which is the first of this nature in Panama (Resolution 01-04-2014). Key ministries carried out DRR priority actions Number Value 0.00 3.00 3.00 identified in the 2011-2015 DRMNP Date 30-Jan-2012 30-Apr-2014 30-Nov-2014 Comments Zero ministries have carried The target has been met. Three ministries have carried out DRR priority actions Additionally, MEF and out DRR priority actions identified in the 2011-2015 MIVIOT have continued identified in the 2011-2015 PNGR. delivering priority actions and PNGR. the GoP has approved a new Public Disclosure Copy DRMNP. DRM financial protection policies, strategies, or Yes/No Value No No Yes instruments developed. Date 30-Jan-2012 30-Apr-2014 30-Nov-2014 Comments DRM financial management DICRE has finalized the DRM financial management program to be developed. development of a Disaster program developed. Risk Financing and Insurance Strategic Framework. This Strategic Framework, whichis expected to be formally approved by June 2014, will Page 2 of 3 The World Bank Report No: ISR15382 be implemented through an Action Plan currently under development by DICRE. Public Disclosure Copy Data on Financial Performance (as of 08-Mar-2012) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P122738 IBRD-80870 Effective 18-Oct-2011 04-Jan-2012 07-Mar-2012 30-Nov-2012 30-Nov-2014 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P122738 IBRD-80870 Effective USD 66.00 66.00 0.00 0.00 66.00 0.00 Tranches Tranche 1 Amount (USD) Expected Release Date Actual Release Date Status 0 Pending Released Key Decisions Regarding Implementation None. Restructuring History There has been no restructuring to date. Related Operations Public Disclosure Copy There are no related projects. Page 3 of 3