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.
World Bank approved a $ 50 million credit for a Natural Disasters Risk Management Program.
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 EU will fund 22 projects for disaster preparedness in CA.
Among other aspects, the programs allow work on emergency infrastructure support, development of risk maps and early warning systems.
The head of the Disaster Preparedness Programme of the European Union in Central America (Dipecho), France's Virginie André, told EFE that "The Dipecho operations will be conducted in six Central American countries, where 19 national projects and 3 regional projects will be financed... There are six (projects) in Nicaragua, five in El Salvador, four in Honduras, four in Guatemala and three at regional level."
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