ROMANIA Second DRM Development Policy Loan With a Cat DDO

This Development Policy Financing with a Catastrophe Deferred Drawdown Option (Cat DDO) supports Romania to strengthen inclusive multi‑hazard preparedness and response and advance disaster risk reduction and climate action. Policy reforms are organized under two pillars: (1) strengthening inclusive multi‑hazard preparedness and response with a focus on vulnerable groups (including disability‑inclusive preparedness and GBV‑transformative training), and (2) advancing DRR and climate action by enhancing resilience of the physical environment, preparedness in schools, and zero‑emission urban mobility. The Cat DDO provides contingent financing for rapid liquidity following eligible disaster events; Romania withdrew EUR 233 million in December 2024 and EUR 90 million in June 2025 to respond to severe flood events, with implementation progress rated Satisfactory and overall risk Moderate