RSS   Newsletter   Contact   Advertise with us

World Bank commits $10m to Vanuatu for disasters

Christian 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.
Vanuatu street
Living in the Pacific   Vanuatu street
The bank said the new funding could be activated in the event of a major disaster and would support reforms to deliver stronger risk mitigation and prevention actions in Vanuatu.

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.