RMI Enhancing Fiscal Management and Building Disaster and Climate Resilience DPO with a Cat DDO
This Development Policy Operation with a Catastrophe Deferred Drawdown Option (Cat DDO) supports the Republic of the Marshall Islands to (i) enhance fiscal management and (ii) build disaster and climate resilience. Policy actions include establishing core public financial management and procurement processes, and strengthening the disaster and climate policy framework via the Disaster Risk Management Act (2023), a Sea Level Rise Adaptation Policy, and a forthcoming National Building Act/Code.