The government is analyzing taking out insurance against natural disasters and one option is a policy for specific areas by province, depending on the degree of vulnerability to events such as earthquakes or floods.
A proposal has been made for the creation of a national contingency plan for oil spills, and spills of other hazardous and noxious substances.
In order to ensure a response that is institutional, coordinated and under unified criteria in the event of a disastrous event such as contamination from an oil spill, draft law No. 125 , to govern the matter, was approved for discussion at the Commission on Population, Environment and Development, .
A World Bank loan will support the Project for Risk Management of Natural Disasters and Safer Municipalities.
A press release from the World Bank reads:
Two projects will expand opportunities for vulnerable families
WASHINGTON, December 13, 2012 - Honduras took a step forward in the protection of nearly 1.5 million people affected by violence, crime and natural disasters thanks to two new loans totaling $45 million approved today by the World Bank’s Board of Directors.
The figure is an estimate of the amount of damage caused by the recent floods, which need to be recovered by homeowners who took out insurance against natural disasters.
Panamaamerica.com reports that the executive director of the Panamanian Association of Insurers (Apadea), Carlos Berguido, said: "There still isn’t an exact number that indicates exactly how many families and homes have been affected by the recent floods, and whose concerns will be mitigated because their assets were covered - against natural disasters-by an insurance policy. "
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.
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.
Among the works to be carried out are the completion of the construction of the 27 kilometer ring road in Tegucigalpa, improvements to the existing road network, building works in the capital and reinstating escape routes to facilitate escape in the event of a disaster.
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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