Managing Vulnerability to Natural Disasters and Financing in Costa Rica
DPL with DDO:
Terms and Product Structure
Drawdown/
Fund
Availability
Volume/
Optionality
Repayment
Terms
Pricing
☐
☐
☐
☐
Provides immediate liquidity when the borrower needs it
Full loan amount is available any time within three years of loan signing,
renewable once with RVP approval for 3 more years
Macro-economic policy framework must be in place
Satisfactory program implementation monitored by the bank
Volume limit equivalent to Fast-Disbursing CAS Envelope
The client can choose among the same conversion options (interest rate,
currency) that are available for IBRD loans
Repayment terms can be determined at the time of commitment or
disbursement
Repayment schedule will commence from date of disbursement
Each disbursement may have different repayment schedules
Same interest rate structure as regular IBRD loans
But higher fees: 0.75% front-end fee; 0.50% renewal fee
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