Myanmar to receive $200 million for flood recovery projectsStaff Writer | July 18, 2016
Communities hit hard by the floods and landslides that devastated areas of Myanmar in 2015 will receive help as part of the Flood and Landslide Emergency Recovery Project (FLERP).
Disasters in Asia The reconstruction of businesses in Myanmar
It will fund repairs to national and rural roads, and help introduce disaster- and climate-resilient approaches in the roads sector. The reconstruction of rural roads will help create work and training opportunities for local communities.
The floods and landslides that occurred between July and September 2015 displaced over 1.6 million people and caused 132 fatalities across the country.
The total economic losses from the disaster are estimated to equal 3.1 percent of the country’s gross domestic product (GDP) in 2014/2015, according to the results of the Government of Myanmar’s Post-Flood and Landslide Needs Assessment, carried out with assistance from development partners including the World Bank.
The transport sector was the worst hit by the floods and landslides, accounting for about 50 percent of the total damages in the public domain. Damages and losses in the agriculture sector have left a major impact on the people.
Small businesses, individual families and farmers suffered the worst, with loss of income and livelihoods compounded by loss of assets and reduced access to social services.
The FLERP will support the recovery of the agriculture sector through the purchase of critical machinery and equipment, production inputs, and other goods to address the urgent needs of farmers and fishermen to recover and safeguard against vulnerability from future disasters. ■