El Salvador, Aug. 1 -- The World Bank's Board of Executive Directors today approved a loan to support El Salvador's efforts to strengthen fiscal sustainability and enhance its capacity to respond to risks associated with natural disasters and climate change.The Fiscal Sustainability and Resilience Development Policy Financing with a Catastrophe Deferred Drawdown Option (Cat DDO) is the first in a programmatic series of three operations. The financing total is US$350 million, of which US$100 million is allocated to the Cat DDO, which can be triggered following an official declaration of emergency due to natural or health-related disasters. The program is structured around two pillars. The first aims to promote fiscal sustainability by streng...