Guatemala: Cat DDO

The DPL with Cat DDO provides immediate access to liquidity following a declaration of emergency. Guatemala, one of the top five high-risk countries in the world in terms of vulnerability to three or more hazards, requested and received a DPL with a Cat DDO that complements other financial instruments and disaster risk management measures in place in the country. Guatemala disbursed the full value of its DPL with Cat DDO following two major adverse natural events that struck the country in 2010, using the funds to finance reconstruction and other expenses.