Public Disclosure Copy The World Bank Implementation Status & Results Report Disaster Risk Management Development Policy Loan with a CAT DDO (P122738) Disaster Risk Management Development Policy Loan with a CAT DDO (P122738) LATIN AMERICA AND CARIBBEAN | Panama | Social, Urban, Rural and Resilience Global Practice Global Practice | IBRD/IDA | Development Policy Lending | FY 2012 | Seq No: 11 | ARCHIVED on 27-Jun-2017 | ISR28150 | Implementing Agencies: Ministry of Economy and Finance, Ministry of Economy and Finance Key Dates Key Project Dates Bank Approval Date:18-Oct-2011 Effectiveness Date:07-Mar-2012 Planned Mid Term Review Date:-- Actual Mid-Term Review Date:-- Original Closing Date:30-Nov-2012 Revised Closing Date:30-Nov-2020 Program Development Objectives Program Development Objective (from Program Document) The overall development objective of the proposed operation is to enhance the GoP's capacity to implement its Disaster Risk Management Program for natural disasters. PHRPDODEL Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Overall Risk Rating  Low  Low Implementation Status and Key Decisions The GoP has continued progressing in the achievement of targets in the three policy areas addressed by the DPL with CAT DDO with the Bank's technical support and advice. However, the DRM dialogue with the country has been focused more on the DRFI initiatives during the last several months and there are no new developments to report. The next project implementation support mission is planned for the second semester of 2017. The MEF/DICRE is expected to prepare and submit by the end of the year a new detailed report on the government DRM program implementation, in line with the CAT-DDO Policy Matrix for the period January – December 2017. Risks 6/27/2017 Page 1 of 4 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Disaster Risk Management Development Policy Loan with a CAT DDO (P122738) Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Low  Low Macroeconomic  --  Low  Low Sector Strategies and Policies  --  Low  Low Technical Design of Project or Program  --  Low  Low Institutional Capacity for Implementation and Sustainability  --  Low  Low Fiduciary  --  Low  Low Environment and Social  --  Low  Low Stakeholders  --  Low  Low Other  --  Low  Low Overall  --  Low  Low Results Results Indicators PHINDIRITBL  1. Increased GoP capacity for disaster risk reduction (DRR) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 6.00 6.00 6.00 Date 30-Jan-2012 15-Dec-2016 15-Jun-2017 30-Nov-2020 PHINDIRITBL  2. Key ministries carried out DRR priority actions identified in the 2011-2015 DRMNP (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 6.00 6.00 6.00 Date 30-Jan-2012 15-Dec-2016 15-Jun-2017 30-Nov-2020 6/27/2017 Page 2 of 4 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Disaster Risk Management Development Policy Loan with a CAT DDO (P122738) PHINDIRITBL  3. DRM financial protection policies, strategies, or instruments developed. (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 30-Jan-2012 15-Dec-2016 15-Jun-2017 30-Nov-2020 Overall Comments • Indicator 1: The MEF´s Directorate of Investment Programming has included the disaster risk analysis as part of its internal activities, and has developed a disaster risk management classifier as part of the new design for its “Banco de Proyectos”. Additionally, the National Civil Protection System (SINAPROC) has conducted workshops to update the disaster preparedness protocols in four provinces in Panama as part of the development of the National Emergency Plan that was approved in 2016. • Indicator 2: The Ministry of Economy and Finance (MEF), the Ministry of Housing and Land Use Planning (MIVIOT), and the Ministry of Environment have carried out DRR priority actions contemplated in the 2011-2015 Disaster Risk Management National Plan. Additionaly, since 2014 other key government entities have carried out strategic DRM actions in line with the draft 2015-2020 Disaster Risk Management National Plan, that have been formally reported by MEF during CAT-DDO supervision missions, e.g. (i) the Ministry of Education (MEDUCA); (ii) the Ministry of Health (MINSA) and (iii) the Panamanian National Water and Sanitation Utility Institute (IDAAN). • Indicator 3: DICRE has undertaken relevant activities to strengthen Panama’s financial protection policies, strategies and instruments, such as: (i) developed and approved, by Executive Decree in 2014, a Disaster Risk Financing and Insurance Strategic Framework; (ii) adopted by Ministerial Resolution in 2016 a five-year Operational Plan to implement the aforementioned “Strategic Framework for the Financial Management of Disaster Risk” (DRFI Strategic Framework); and (iii) conducted with Bank support in 2017, a cost-benefit analysis for various disaster financing strategies. Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P122738 IBRD-80870 Effective USD 66.00 66.00 0.00 25.00 41.00 38% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P122738 IBRD-80870 Effective 18-Oct-2011 04-Jan-2012 07-Mar-2012 30-Nov-2012 30-Nov-2020 Tranches Restructuring History 6/27/2017 Page 3 of 4 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Disaster Risk Management Development Policy Loan with a CAT DDO (P122738) There has been no restructuring to date. Related Operations There are no related projects. 6/27/2017 Page 4 of 4 Public Disclosure Copy