In the event of an Eligible Crisis or Emergency, this contingent component will provide immediate and effective response to said Eligible Crisis or Emergency, defined as “an event that has caused, or is likely to imminently cause a major adverse economic and/or social impact associated with natural or man-made crises or disasters.”

The World Bank’s assistance may consist of immediate support in assessing the emergency’s impact and developing a recovery strategy or the restructuring of existing, or provision of new, Investment Project Financing. This may be particularly relevant with the possible adverse impacts of “El Nino” in the coming period. In all cases, the World Bank would adapt its rapid response in form and scope to the emergency’s particular circumstances and take into account the World Bank’s Country Partnership Strategy for the country.