News
A new $500 million Disaster Risk Management Loan for Romania, featuring a Catastrophe Deferred Drawdown (CAT DDO) option supported by GFDRR, was just endorsed by the World Bank, along with a new five-year Country Partnership Framework. This is the second CAT DDO for Romania aiming to drive critical reforms for inclusive disaster preparedness and response. (LinkedIn)
The World Bank approved a US$70 million grant (just over CFAF 41 billion) to improve access to basic infrastructure and services and build climate resilience in cities across the Central African Republic. Under The CAR Inclusive and Resilient Cities Project (PROVIR), about 1.6 million people are expected to benefit from climate-resilient infrastructure. POVIR was supported by technical assistance and grant funding from GFDRR. (LinkedIn)