Gov't approves taking loan from IBRD for development policies on disaster risk management
Publicat:Gov't approves taking loan from IBRD for development policies on disaster risk management
The Government approved on Thursday a memorandum on taking from the International Bank for Reconstruction and Development (IBRD) a loan for development policies regarding disaster risk management, with the option of postponing the drawing until a catastrophe occurs (CAT-DDO).
According to a press release from the Executive, the memorandum proposes that the Ministry of Finance start the formalities for contracting this loan, with the option of postponing the drawing until a catastrophe occurs.
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