NewsWhore
11-08-2007, 01:40 PM
The World Bank, European Union and UN Development Program (UNDP) yesterday announced that the DR would have US$115 million at its disposal in order to help the victims of Tropical Storm Noel. The World Bank has allocated US$56 million in emergency funds, the EU added EUR30 million (US$44 million) and the UNDP is contributing RD$15 million. The EU's money comes from a fund designated to help Caribbean nations affected by natural disasters and comes in addition to the initial EUR$1.5 million donated last week. Also, the EU has allocated EUR$6.5 million towards long-term recovery and disaster prevention programs.
The World Bank's US$56 million in assistance for the Dominican government will be put towards projects for the flood victims. The World Bank allocated the funds for rehabilitation and long term recovery works that could also include up to US$100 million in loans for emergency assistance. A further US$2 million will be available for the purchase of vaccines, medicines and other urgent medical supplies. The World Bank will also be funding an evaluation of the damage, at the Dominican government's request. Pamela Cox, World Bank vice president for Latin America and the Caribbean, said that Bank staff are already evaluating damages with the government, the United Nations and other multilateral organization teams. Juan Jose Daboub, managing director at the World Bank, is expected in the DR in early December to take part in the World Bank evaluation.
Tad Palac from the United Nations said that the UNDP contribution comes from a fund from its donor countries.
Also, Puerto Rico said it would donate US$25,000 in emergency funds.
More... (http://www.dr1.com/index.html#2)
The World Bank's US$56 million in assistance for the Dominican government will be put towards projects for the flood victims. The World Bank allocated the funds for rehabilitation and long term recovery works that could also include up to US$100 million in loans for emergency assistance. A further US$2 million will be available for the purchase of vaccines, medicines and other urgent medical supplies. The World Bank will also be funding an evaluation of the damage, at the Dominican government's request. Pamela Cox, World Bank vice president for Latin America and the Caribbean, said that Bank staff are already evaluating damages with the government, the United Nations and other multilateral organization teams. Juan Jose Daboub, managing director at the World Bank, is expected in the DR in early December to take part in the World Bank evaluation.
Tad Palac from the United Nations said that the UNDP contribution comes from a fund from its donor countries.
Also, Puerto Rico said it would donate US$25,000 in emergency funds.
More... (http://www.dr1.com/index.html#2)