A fund will be created to improve disaster prevention and response, and to aid affected regions.
Thursday, May 13, 2010
“The resources might only be used after a national emergency declaration or a in a state of Public Calamity. Both scenarios require a Presidential decree ratified by Congress”, reported Prensalibre.com.
The loan was subscribed with the Inter-American Bank for Reconstruction and Development, and was ratified by the Guatemalan Congress today.
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 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.
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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7567Government Procurement Opportunities in the region