Southeast Europe and Central Asia Catastrophe Risk Insurance Facility
Project Summary
To assist Kazakhstan with developing a modern catastrophe insurance market infrastructure that will support the launch of affordable, innovative catastrophe insurance products covering the risks of extreme weather variability.
Project Details
GEF Project ID | 6915 |
Project Type | Full-size Project |
Status | Project Approved |
Country | Kazakhstan |
Region | |
Focal Areas | |
Funding Source | Special Climate Change Fund |
Implementing Agencies | The World Bank |
Executing Agencies | Europa Re |
GEF Period: | GEF - 6 |
Approval Fiscal Year: | 2016 |
Financials
Project Preparation Grant Amount | 0 USD |
GEF Project Grant | 5,000,000 USD |
Co-financing Total | 15,000,000 USD |
GEF Agency Fees | 475,000 USD |
Total Cost | 20,000,000.00 USD |
Project Timeline
Received by GEF
06 Aug 2014
Concept Approved
01 Oct 2015
Project Approved for Implementation
26 Jan 2016
Project closed