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Catastrophe Risk Insurance Project - P149895
Details
Project End Date:2021-06-30
Location:Honduras, Nicaragua
Category:Goods, Works, Consulting services
Status:Completion and evaluation
Sectors:Environment & Climate, Macro-Economy & Public Finance, Financial Services & Audit
Contracting authority:
Description
Updated on June 24th, 2014:
The objective is to increase the fiscal resilience of Honduras and Nicaragua to risks associated with tropical cyclones, earthquakes, and/or excess rainfall. Negotiations scheduled for 22 April 2014. Environmental Assessment Category C. Project: P149895. US$ 16.0/8.0 (IDA Credit/IDA Grant). Consultants will be required. Ministry of Finance and Public Credit, Nicaragua, Nicaragua, Tel: (505-2) 266-9744, Fax: NA, E-mail: NA, Contact: Ivan Acosta, Minister; Ministry of Finance, Honduras, Honduras, Tel: (504-2) 222-1278, Fax: NA, E-mail: wcerrato@selfin.gob.hn, Contact: Wilfredo Cerrato Rodriguez, Minister Secretaria de Estado en los Despachos de SEFIN
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The objective is to increase the fiscal resilience of Honduras and Nicaragua to risks associated with tropical cyclones, earthquakes, and/or excess rainfall. Negotiations scheduled for 11 April 2014. Environmental Assessment Category C. Project: P149895. US$ 16.0/8.0 (IDA Credit/IDA Grant). Consulting services and implementing agency(ies) to be determined.
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tender Background
About the Funding Agency
The World Bank (USA) is part of an international financial agency that makes loans and grants to governments in low- and middle-income countries to fund capital projects. The United States was a driving force behind the founding of the World Bank in 1944 and it is still the World Bank's largest shareholder today.
The United States contributes to tackling critical international development concerns through the World Bank Group and has a long history of generously supporting the objectives of the World Bank Group and has been a champion of the International Development Association (IDA) which provides low-interest loans and grants to the world's poorest countries. The key U.S. priorities at the World Bank include a multilateral health and economic response to COVID-19, debt sustainability and transparency, promoting governance and fighting corruption, ending energy poverty and supporting a strong emphasis on accountability, transparency and development impact.
About the Sectors
Environment & Climate
Focuses on protecting natural ecosystems, promoting sustainable resource management, enhancing climate resilience, and mitigating the impacts of climate change through conservation, adaptation, and low-carbon initiatives.
Key areas:
- Environmental protection and conservation
- Natural resource and ecosystem management
- Climate change and environmental resilience
Macro-Economy & Public Finance
Includes initiatives that support macroeconomic stability, sound fiscal policy, and effective management of public financial resources.
Key areas:
- Macroeconomic analysis and policy support
- Public finance management (PFM)
- Government budgeting, taxation, and debt management
- Economic growth and development strategies
Locations
Honduras
Honduras invests in highway corridors, port facilities, airport upgrades, and energy diversification to improve competitiveness and regional integration. Infrastructure financing combines public spending, multilateral loans, and private sector participation. Projects focus on strengthening logistics for agricultural and manufacturing exports. Fiscal capacity, governance reforms, and climate resilience shape implementation outcomes.
Nr. of tenders: 12600
Nr. of grants: 2426
Nr. of donors: 520
Nr. of jobs: 41
Nr. of tenders: 12600
Nr. of grants: 2426
Nr. of donors: 520
Nr. of jobs: 41
Nicaragua
Nicaragua prioritizes highway expansion, port modernization, airport upgrades, and renewable energy infrastructure to improve regional trade integration. Financing combines public investment, multilateral development loans, and bilateral partnerships. Renewable energy, particularly wind and geothermal, plays a growing role in energy planning. Political uncertainty, fiscal constraints, and governance issues affect long-term infrastructure development.
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