Concept Program Information Document (PID) - Vanuatu Second Disaster Risk Management Development Policy Grant with a Catastrophe-Deferred Drawdown Option - P176930 (English)

Though the Government of Vanuatu (GoV) has been successful in limiting the spread of the virus, the economic impact of COVID-19 has been significant. [...] Following sound fiscal discipline in the pre-COVID period, the fiscal deficit will be contained to 3.8 percent of GDP over the medium term, reflecting the implementation of the public investment program and disaster recovery. [...] D. Concept Description Pillar A: Managing and Reducing Disaster and Climate Risk Prior Action 1: To institutionalize roles and responsibilities of government agencies to manage disaster recovery at national and subnational levels, the Recipient’s Council of Ministers has approved, and submitted to the Parliament, a Bill for a Disaster Recovery Act. [...] As such, the Disaster Recovery Act will strengthen institutional mandates for disaster recovery and clarify roles and responsibilities across levels of government and sectors, including through the establishment of the National Recovery Committee. [...] Prior Action 2: To provide for disaster and climate-risk informed physical planning for urban and provincial hubs, the Recipient’s Council of Ministers has approved, and submitted to the Parliament, an Amendment to the Physical Planning Act.