Managing Vulnerability to Natural Disasters and Financing in Costa Rica

3 Costa Rica & World Bank: A Partnership to Reduce Vulnerabilities ☐ In March 2008, Costa Rica decided to use contingent line of credits offered by the World Bank (DDOs) in order to implement a strategy to reduce these vulnerabilities ☐ This strategy materialized in two different projects: □ September 2008: US$65 million project to provide funding in case of natural disasters April 2009: US$500 million project to provide immediate liquidity when the borrower needs it (economic or financial shocks, etc.)

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