World Bank commits $10m to Vanuatu for disastersChristian Fernsby ▼ | January 13, 2020
The World Bank has committed $10 million in support to Vanuatu to strengthen the nation's resilience to disasters, support climate adaptation and help manage its debt.
Living in the Pacific Vanuatu street
Topics: World Bank Vanuatu disaster
The bank said its support had already led to the passage of a new Disaster Risk Management Act as well as a National Land Subdivision Policy that took a more comprehensive approach to risk reduction and climate adaptation for land development.
Vanuatu's Finance Minister Gaetan Pikioune welcomed the support saying it was critical to increase the resilience of the country to natural disasters. ■