- Country: Pakistan
- Summary: Pakistan Parametric Flood Instrument Trigger Design and Structuring
- PKT Ref No: 105646190
- Deadline: 21 Aug 2024
- Financier: World Bank (WB)
- Purchaser Ownership: Government
- Tender Value: Refer Document
- Notice Type: Tender
- Document Ref. No.: 0002010593
- Purchaser's Detail:Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details. Login to see full purchaser details.
- Description:
- Underthe Resilience and Accessible Microfinance (RAM) project, the World Bank aimsto support Pakistan to enhance access to microcredit and support resilience ofthe microfinance sector and its borrowers. The project is scheduled forapproval within fiscal year 2025. In the initial phase of the proposed project,a Climate Risk Fund (CRF) will be established, capitalized and operationalizedto address climate risk and its associated impacts on the microfinance sector.The CRF will be established as anindependent and sustainable state-owned liquidity facility for the microfinancesector, where the type and level of liquidity released will be determined bypredefined and clear decision criteria which will be informed by objective andverifiable data (including parametric triggers that will be designed for aninsurance backstop for the CRF). The CRF has been designed to meet multifoldobjectives: 1) Reverse the disintermediationaway from locations and sectors which are prone to climate shocks (but wherethe risk is still manageable) by providing liquidity buffers in theevent of a climate shock to help mitigate the risks; 2) Serve as an avenue to transfer some of the risks ofclimate-related disasters through international reinsurance; 3) Promote climateadaptation in agriculture through a pilot leveraging technology and liquidity;4) Enhance the quality and availability of climate risk data for themicrofinance sector, providing a valuable public good. The CRF will provide two distinct products: a Contingent LiquidityInstrument (CLI; the focus of this consultancy) and an Immediate AgriculturalLiquidity Instrument.The CLI will extend contingentcredit to the sector (to be passed onto borrowers in impacted geographies)following qualifying climatic shocks. The amount of liquidity available for on-lendingby the CLI will depend on its initial capitalization, earnings from interest,investments, and annual microfinance provider (MFP) contributions, as well asfrom parametric insurance payouts. ...
- Documents:
If you are registered member, kindly login to view full details of this tender notice:
CLICK HERE TO LOGINPakistan Parametric Flood Instrument Trigger Design and Structuring - Pakistan Tender
The WORLD BANK(WB), a Government sector organization in Pakistan, has announced a new tender for Pakistan Parametric Flood Instrument Trigger Design and Structuring. This tender is published on PakistanTenders under PKT Ref No: 105646190 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2024-08-21.
The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.
