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
27 Jan 2016
Project closed