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Add to Preferred SourcesThe World Bank’s Board of Executive Directors approved today 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.
“Living in the Marshall Islands we know all too well about climate change and its impacts. 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.”Mattlan Zackhras, Minister in Assistance to the President of the Republic of the Marshall Islands
The project will:
- Improve disaster preparedness and strengthen early warning systems, especially in the outer islands where reaching communities during an emergency is still a challenge.
- Invest in coastal adaptation and shoreline protection, starting in Ebeye where the majority of the population is exposed to the impacts of climate change and natural disasters.
- Improve the country’s post-disaster response, by providing the ability to access funds that will enable immediate response and to conduct Post Disaster Needs Assessments, if required.
The Pacific Resilience Project II is a US$48.6 million investment, with the grants provided from the International Development Association (IDA), the World Bank’s fund for countries most in need.