Examples of DDO in a sentence
Disbursement of the Cat DDO may only be requested after a Presidential Declaration has been issued in response to the disaster.
Building on the achievements of and lessons learned from the three previous DPL with Cat DDO programs and more than 20 years of partnership between the Government and the World Bank on disaster risk management (DRM) and climate change adaptation (CCA), the operation will deepen reforms across national, subnational, and sectoral levels.
The proposed Fourth Disaster Risk Management Development Policy Loan (DPL) with a Catastrophe Deferred Drawdown Option (Cat DDO IV) for US$200 million will sustain and expand support for the GoC’s program to reduce disaster, climate change and public health risks.
The Cat DDO may be disbursed in whole or in part when an emergency is imminent, is occurring or has occurred in Colombia resulting from a disaster caused by adverse natural or public health related events.