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


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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.

This loan has a 24 and a half year term, plus a 5 year grace period.

More on this topic

World Bank Disburses $50 million to El Salvador

November 2011

The agency has confirmed the release to help the country cope with the emergency caused by the tropical storm last month.

A press release from the World Bank states:

The World Bank confirmed today that it has spent US $50 million to help El Salvador meet the costs of the emergency caused by the tropical storm that hit the country last month, displacing thousands of people from their homes and causing damage totaling $840 million.

Panama: $66 million for Disaster Prevention

October 2011

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.

A press release from World Bank (WB) reads:

This operation provides immediate funds to Panama after a major natural disaster, allowing the Government to supplement their own resources and respond quickly to emergencies and other requirements for risk reduction.

Panama: $100 million for Natural Disaster Management

October 2011

An IDB loan will support a new framework for reducing vulnerability to natural disasters and climate change.

A press release of Inter-American Development Bank (IDB) reads:

Panama will strengthen its risk management with the help of a U.S. $ 100 million Inter-American Development Bank (IDB) loan.

Honduras: $ 27 Million for Disaster Prevention

October 2010

The Spanish government approved the grant for $ 27.4 million.

These funds will be used to enhance capabilities to face natural disasters.

The donation will be used to finance the modernization of equipment for environmental monitoring and civil protection.

"The goal is to strengthen the country´s capacities to cope with natural disasters and environmental accidents," La Tribuna de Honduras published on its website.

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