• Implementation Support Agency (ISA): World Bank
  • Total project financing: $370 million
  • Funding from GCFF: $20 million
  • GCFF Financing Approval Date: 02/16/2023
  • Project Closing Date: 01/09/2028
  • Status: Pending effectiveness
Climate Resilient Recovery and Territorial Development Project

About the project

Using reconstruction as an entry point, this project aims to operationalize Costa Rica’s commitment towards comprehensive and inclusive disaster risk management and climate change adaptation through resilient infrastructure and services. The project takes a territorial approach to disaster recovery, climate, and multi-hazard resilience through the combination of structural and non-structural measures that can be applied to both reconstruction and prospective resilience-building investments and activities. The project design also considers spatial inequalities and exclusion of vulnerable groups including ethno-racial minorities, the extreme poor, refugees, asylum seekers, and migrants in vulnerable conditions.

Project Development Objective (PDO)

To increase access to disaster and climate resilient infrastructure and services in selected regions of the Republic of Costa Rica.

Project Implementation Status

Project negotiations with the Government of Costa Rica took place on February 16 and 17, 2023. The project was approved by the
World Bank Board of Directors on March 8, 2024. The project was introduced for discussion to the Legislative Assembly of Costa
Rica on January 6, 2025, and to the Legislative Finance Commission on Jan 20, 2025, for approval. Project effectiveness is
expected on or after July 30, 2025.