The World Bank Report No: ISR12493 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: 4 Status: ARCHIVED Archive Date: 01-Dec-2013 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 24-Apr-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 with the implementation of its DRM Program and has shown steady progress towards achieving the PDO. - In line with the first prior action of the policy matrix, enactment of the Comprehensive Disaster Risk Management National Policy-PNGIR, the GoP has consolidated the role 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). The National Platform is now empowered to establish its own governance structure and has fostered the development of three sub-national platforms in the provinces of Chiriquí, Bocas del Toro and Veraguas. One National Forum to socialize and monitor the implementation of the PNGIR was successfully organized in May 2013, followed by two Fora with local authorities (August and October 2013). -With regards to the second prior action, adoption of the Disaster Risk Management National Plan 2011-2015, three key DRM stakeholders, the Ministry of Finances (MEF), Ministry of Housing and Land Use Planning (MIVIOT), and the National Environmental Authority (ANAM), have continued implementing several priority actions committed in the DRM National Plan. (i) After the creation of a new budgetary code specific for DRM, the Ministry of Finance organized an induction workshop in September 2013 to set the operational rules of this Page 1 of 4 The World Bank Report No: ISR12493 budgetary code, which will allow the institutions to submit and channel resources for ex-ante DRM initiatives (Resolution No. 030, of March 2013). (ii) In the case of MIVIOT, the Vice Ministry of Land Use Planning has endorsed a proposal for a National Policy on Land Use Planning which includes explicit reference to DRM criteria. Additionally, MIVIOT is engaged with other institutions in the development of a probabilistic seismic risk assessment for the metropolitan area of Panama, building on the successfully implemented CAPRA study in David funded by the Bank. (iii) On another area related to the DRM National Plan, and under the leadership of ANAM, an updated Policy on Water and the National Policy on Climate Public Disclosure Copy Change, through a participatory and comprehensive nationwide consultative process. ANAM has also coordinated the development of comprehensive adaptation project proposal titled "Enhancing Resilience to Climate Change and Climate Variability in the Dry Arch and the Panama Canal Watershed". This proposal will be submitted for consideration to the Adaptation Fund as soon as Panama concludes the accreditation for a national implementing agency (NIA). - Related to the third prior action, the MEF Directorate of Investment, Concessions, and Risks (DICRE) has developed a draft proposal for the design of a Disaster Risk Financing Strategy which has been shared with the Bank for comments, and completed a study to assess the coverage size of a National Emergency Fund to attend frequent, small and medium level emergencies associated to the occurrence of natural hazards. 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. In addition of the above, MEF has advanced the implementation of the Panamanian Saving Fund (FAP by its name in Spanish), previously envisaged to enter in vigor in 2014. The FAP represents a new disaster risk financing tool for Panama. 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 18-Oct-2013 30-Nov-2014 Comments One province has updated its Four Provinces have updated Four provinces have updated protocols for disaster their protocols for disaster protocols for disaster preparedness and response. preparedness and response preparedness and response. (Bocas del Toro, Veraguas, Los Santos y Herrera). In addition, SINAPROC has continued working on this and it is currently updating a fifth province (Coclé). Key ministries carried out DRR priority actions Number Value 0.00 3.00 3.00 identified in the 2011-2015 DRMNP Public Disclosure Copy Date 30-Jan-2012 18-Oct-2013 30-Nov-2014 Comments Zero ministries have carried The three ministries (MEF, Three ministries have carried out DRR priority actions MIVIOT and ANAM) have out DRR priority actions identified in the 2011-2015 continued delivering priority identified in the 2011-2015 PNGR. activities identified in the PNGR. 2011-2015 PNGR. These include the development of a comprehensive CCA proposal led by ANAM, the implementation of a new DRM Page 2 of 4 The World Bank Report No: ISR12493 budgetary code by MEF, and the continued engagement of MIVIOT in CAPRA's pilot studies. Public Disclosure Copy DRM financial protection policies, strategies, or Yes/No Value No No Yes instruments developed. Date 30-Jan-2012 18-Oct-2013 30-Nov-2014 Comments DRM financial management MEF has drafted a Disaster DRM financial management program to be developed. Risk Financial Management program developed. program. MEF has continued working on a DRFI strategy under the leadership ofDICRE. This includes a coverage size assessment of a potential National Emergency Fund to attend frequent, small and medium level emergencies, and the evaluation of an eventual participation in the CCRIF. 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 Public Disclosure Copy Tranche 1 Amount (USD) Expected Release Date Actual Release Date Status 0 Pending Released Key Decisions Regarding Implementation None. Page 3 of 4 The World Bank Report No: ISR12493 Restructuring History There has been no restructuring to date. Public Disclosure Copy Related Operations There are no related projects. Public Disclosure Copy Page 4 of 4