Left Menu
Development News Edition

World Bank to provide up to $545 million for Cyclone Idai affected countries

The World Bank is also working with Mozambique and Comoros to assess and respond to the newest development-Cyclone Kenneth.

World Bank | Updated: 03-05-2019 18:04 IST | Created: 03-05-2019 18:04 IST
World Bank to provide up to $545 million for Cyclone Idai affected countries
President Malpass was in Mozambique as part of his first official trip as head of the organization. Image Credit: Twitter(@DavidMalpassWBG)

The World Bank today announced that it has mobilized over half a billion dollars in new resources to help people in Mozambique, Malawi, and Zimbabwe affected by the assessed impact of Cyclone Idai.

The World Bank is activating the International Development Association (IDA) Crisis Response Window (CRW) to provide up to $545 million in total for the three affected countries. This is in addition to nearly $150 million in resources that have recently been made available from existing projects. Together, total World Bank support to the three countries' recovery reaches around $700 million. The World Bank is also working with Mozambique and Comoros to assess and respond to the newest development-Cyclone Kenneth.

"Cyclone Idai caused catastrophic damage earlier this year that affected millions of people, and this tragedy has been compounded by Cyclone Kenneth," said World Bank Group President David Malpass, following a tour of Beira's affected areas. "The World Bank Group is working closely with our partners to help the population recover from these terrible storms, build back stronger than before, and improve countries' resilience to natural disasters."

Mozambique, the country hardest hit by the cyclone, will receive $350 million in CRW financing to re-establish the water supply, rebuild damaged public infrastructure and crops, and support disease prevention, food security, social protection, and early warning systems in the impacted communities.

For neighbouring Malawi, the CRW will provide $120 million in financing to restore agricultural livelihoods, reconstruct priority infrastructure, and support disease surveillance.

In addition, the World Bank intends to provide an exceptional allocation of up to $75 million to select UN agencies to support the people of Zimbabwe also affected by Cyclone Idai. Funds will go toward a harmonized multi-sector livelihood support and recovery operation focused on social welfare and community interventions.

President Malpass was in Mozambique as part of his first official trip as head of the organization. Prior to Mozambique, Malpass travelled to Ethiopia and Madagascar to visit several World Bank Group-funded projects; meet with government leaders, private sector representatives, and other stakeholders; and hear from beneficiaries and local partners.


TRENDING

OPINION / BLOG / INTERVIEW

Domestic seafood trade in focus as COVID-19 changes market dynamics

As predicted earlier in a report titled Seafood industry post-COVID 19 An overhaul to trigger the growth of small fisheries, one of the changes going ahead would be increased focus on domestic seafood trade, driven by falling exports and su...

Migration post-COVID 19: Taking cues from the past to rebuild economies

Migrants are an irreplaceable part of even the essential workforce of developed countries and are on the frontline in the fight against the crisis, making an immeasurable contribution to saving the lives of natives with voting rights....

Socialization Post-COVID-19: Local associations and online groups to play crucial role

Though every age group is suffering due to the global lockdown caused by the ensuing COVID-19 pandemic, the challenges before adolescents are unique. Their social space has shrunk drastically, besides, they have become highly vulnerable to ...

Pharma post-COVID 19: Reducing political clout can alter business models

Powerful governments that have historically supported the pharma industry in enforcing global intellectual property rules are changing course and introducing legislation that can override normal patent rights during emergencies....

Videos

Latest News

Kim Kardashian celebrates anniversary with Kanye West: 'Forever to go'

Reality TV star Kim Kardashian and rapper Kanye West are celebrating six years of marriage. The Keeping Up With The Kardashian star marked the occasion on social media on Sunday by sharing a few pictures with West.6 years down forever to go...

Hockey-Indian Olympic great Balbir Singh dies aged 95

Indias three-times Olympic gold medallist Balbir Singh has died at the age of 95 after a prolonged pulmonary illness. Singh helped India win its first Olympic gold as an independent country at the 1948 London Games when they beat Britain 4-...

PM Modi condoles death of hockey legend Balbir Singh Sr

Prime Minister Narendra Modi on Monday condoled the death of hockey icon Balbir Singh Sr, saying that he was not only a brilliant player but also left a mark as a mentor. The legendary center-forward, who won three Olympic gold medals in hi...

Sport-On this day... May 26

ON THIS DAY -- MAY 26 SOCCER - Arsenals Michael Thomas and David Rocastle hold up the first division trophy following a 2-0 win over fellow title contenders Liverpool at Anfield on the last day of the 1988-89 league season.Victory ended Ar...

Give Feedback