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: 10 | ARCHIVED on 20-Dec-2016 | ISR26416 | Implementing Agencies: 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-2017 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. 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 In December 2016, DICRE submitted to the Bank a detailed report on the government DRM program implementation in line with the CAT-DDO Policy Matrix for the period January – December 2016. The report provides evidence that since the last ISR (June 2016), the GoP Disaster Risk Management program has been successfully supported by: (i) mainstreaming Disaster Risk Reduction criteria in the formulation of public investment projects, (ii) strengthening the emergency preparedness and response capacity at the subnational level, (iii) ensuring that sectors are effectively implementing the National DRM Plan, and (iv) developing a comprehensive Disaster Risk Financing (DRFI) Strategy. Risks 12/20/2016 Page 1 of 3 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  Increased GoP capacity for disaster risk reduction (DRR) (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 5.00 6.00 6.00 Date 30-Jan-2012 22-Jun-2016 15-Dec-2016 30-Nov-2017 PHINDIRITBL  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 22-Jun-2016 15-Dec-2016 30-Nov-2017 12/20/2016 Page 2 of 3 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  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 22-Jun-2016 15-Dec-2016 30-Nov-2017 Overall Comments 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-2017 Tranches Restructuring History There has been no restructuring to date. Related Operations There are no related projects. 12/20/2016 Page 3 of 3 Public Disclosure Copy