New World Bank Grant to Help Marshall Islands Be More Resilient to Climate Change

Text

The FINANCIAL -- The World Bank’s Board of Executive Directors approved on May 9 grant financing for a project that is expected to help communities in the Marshall Islands – already vulnerable to recurring drought and flooding – prepare better for the impact of climate change.

The Pacific Resilience Project II will receive a US$19.6 million grant for the Marshall Islands and a US$4 million grant for the Pacific Community (SPC) to support this important initiative, according to the World Bank.

“Living in the Marshall Islands we know all too well about climate change and its impacts,” said The Honorable Mattlan Zackhras, Minister in Assistance to the President of the Republic of the Marshall Islands. “This project is tailored to the specific challenges our country faces, and complement the activities already underway to prepare us for the future. We look forward to working with the World Bank and the SPC on this project.”

Click here to read more

Source: The Financial

Marshall Islands