Public Disclosure Copy The World Bank Implementation Status & Results Report CATASTROPHE DEFERRED DRAWDOWN OPTION (DPL with DDO) (P147454) CATASTROPHE DEFERRED DRAWDOWN OPTION (DPL with DDO) (P147454) SOUTH ASIA | Sri Lanka | Social, Urban, Rural and Resilience Global Practice Global Practice | IBRD/IDA | Development Policy Lending | FY 2014 | Seq No: 4 | ARCHIVED on 14-Apr-2016 | ISR23105 | Implementing Agencies: Ministry of Disaster Management Key Dates Key Project Dates Bank Approval Date:22-Apr-2014 Effectiveness Date:22-Aug-2014 Planned Mid Term Review Date:30-Jun-2017 Actual Mid-Term Review Date:-- Original Closing Date:31-May-2017 Revised Closing Date:31-May-2017 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. PHRPDODEL Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory Overall Risk Rating  Moderate  Moderate Implementation Status and Key Decisions The program is moving forward and on track. The fiscal disaster risk assessment has been completed and the team is in the process if re-engaging with the new government on the next steps of the risk financing program. The tender process has been completed for selecting a consultancy firm to develop basin investment plans to reduce flood and drought impacts and awaiting Cabinet approval to award the contract . The disaster data sharing platform, www.riskinfo.lk has been developed and will be launched by June 30, 2016. The government circular on the use of available DRM related policies and guidelines for physical planning and resettlement at local level needs further consultation and additional work. The guidelines on slope angles in new road construction also needs further work and the Road Development Authority, Disaster Management Centre, National Building Research Organization and National Planning Department are working towards this. The CAT DDO was declared effective on August 22, 2014 and funds are now available for drawdown, upon declaration of a state of emergency 4/14/2016 Page 1 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CATASTROPHE DEFERRED DRAWDOWN OPTION (DPL with DDO) (P147454) Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  --  Moderate  Moderate Macroeconomic  --  Moderate  Moderate Sector Strategies and Policies  --  Moderate  Moderate Technical Design of Project or Program  --  Low  Low Institutional Capacity for Implementation and Sustainability  --  Moderate  Moderate Fiduciary  --  Moderate  Moderate Environment and Social  --  Low  Low Stakeholders  --  Moderate  Moderate Other  --  --  -- Overall  --  Moderate  Moderate Results Results Indicators 4/14/2016 Page 2 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CATASTROPHE DEFERRED DRAWDOWN OPTION (DPL with DDO) (P147454) PHINDIRITBL  National Disaster Risk Financing and Insurance strategy (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 40.00 100.00 Date 01-Sep-2014 10-Aug-2015 27-Mar-2016 10-Jul-2017 Comments Fiscal Disaster Risk Assessment completed. PHINDIRITBL  9 basin-wide risk mitigation investment plans developed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 0.00 0.00 9.00 Date 01-Sep-2014 10-Aug-2015 27-Mar-2016 10-Jul-2017 Comments The contract is yet to be awarded. PHINDIRITBL  Fiscal disaster risk assessment completed (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 01-Sep-2014 10-Aug-2015 27-Mar-2016 31-Dec-2014 PHINDIRITBL  Approval of a national monitoring framework to measure implementation of the Comprehensive Disaster Management Plan (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N Y Y Y Date 01-Sep-2014 10-Aug-2015 27-Mar-2016 31-Dec-2014 4/14/2016 Page 3 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CATASTROPHE DEFERRED DRAWDOWN OPTION (DPL with DDO) (P147454) PHINDIRITBL  Geospatial data sharing platform established to share disaster risk information amongst relevant stakeholders (Yes/No, Custom) Baseline Actual (Previous) Actual (Current) End Target Value N N N Y Date 01-Sep-2014 10-Aug-2015 27-Mar-2016 30-Jun-2015 Comments In progress. Plan to launch before June 30, 2016. Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P147454 IBRD-83570 Effective USD 102.00 102.00 0.00 0.51 101.49 1% P147454 TF-16699 Closed USD 0.42 0.42 0.00 0.09 0.33 21% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P147454 IBRD-83570 Effective 22-Apr-2014 10-Jul-2014 22-Aug-2014 31-May-2017 31-May-2017 P147454 TF-16699 Closed 11-Jul-2014 11-Jul-2014 11-Jul-2014 30-Jun-2015 31-Dec-2015 Tranches Restructuring History There has been no restructuring to date. Related Operations There are no related projects. 4/14/2016 Page 4 of 5 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report CATASTROPHE DEFERRED DRAWDOWN OPTION (DPL with DDO) (P147454) 4/14/2016 Page 5 of 5 Public Disclosure Copy