El Salvador: $ 50 Million for Natural Disaster Management
World Bank approved a $ 50 million credit for a Natural Disasters Risk Management Program.
Wednesday, February 2, 2011
According to a news release from the Bank, the funds will be used to finance the government budget to enable the implementation of policies and institutional reforms. The ultimate goal is to create a framework for managing natural disasters, leading to concrete actions to reduce risks and the country's vulnerability to these events.
The agency has confirmed the release to help the country cope with the emergency caused by the tropical storm last month.
The World Bank has approved a loan for development policies to strengthen the country's ability to implement its Risk Management Program for Natural Disasters.
An IDB loan will support a new framework for reducing vulnerability to natural disasters and climate change.
The Spanish government approved the grant for $ 27.4 million.
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