News

Guyana: Flood fight gets US$26m World Bank boost

The World Bank Board of Executive Directors yesterday approved US$26 million in additional financing for Guyana to support the ongoing Guyana Flood Risk Management Project.

A statement from the Bank said that these funds will help to improve Guyana’s climate resilience, protect economic activity, and reduce the impact of natural disasters.  

“Ninety percent of Guyana’s inhabitants live on the narrow coastal plain, much of which lies below sea level. Flooding poses a serious and recurrent risk to both the lives of people and to livelihoods in the agricultural sector. These additional resources will help protect some of the country’s most populous areas and build greater resilience,” said  Ozan Sevimli, World Bank Resident Representative for Jamaica and Guyana.  

MORE

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s