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