Fri, 28 Jan 2022 Today's Paper

Sri Lanka to reduce socio-economic impacts of disasters

26 September 2014 08:17 pm - 0     - {{hitsCtrl.values.hits}}

A A A

The Ministry of Disaster Management together with the World Bank launched a Climate Resilient Program yesterday. The program was launched at the three day Disaster Management Conference at the BMICH in Colombo titled “the Future we want – a Safer Sri Lanka”.

Since the catastrophic Tsunami, Sri Lanka has achieved a significant progress strengthening preparedness to safeguard lives. There is a lot more to do to reduce the economic and social impacts of disasters. Given Sri Lanka’s development trajectory and increasing incidents of natural events, it is commendable that the Government of Sri Lanka is embarking on a fairly large program with essential investments in the disaster management sector.
 

"The World Bank is pleased to be a part of this program and support the government to be better prepared to face external shocks that would impact on efforts to reduce poverty and promote shared prosperity in Sri Lanka"

 


“We are embarking on a long term engagement to analyze the root causes of disasters and will finance a wide range of measures to increase resilience to these adverse events,” said Francoise Clottes, World Bank Country Director for Sri Lanka and the Maldives summing up the Climate Resilience Program in Sri Lanka. “The World Bank is pleased to be a part of this program and support the government to be better prepared to face external shocks that would impact on efforts to reduce poverty and promote shared prosperity in Sri Lanka” she further stated commending progressive steps taken in this sector.

This landmark program looks at the climate risk in a holistic way and helps the government to implement short, medium and long term measures to address the physical and fiscal aspects of disaster risk. The program consists of the Climate Resilience Improvement Project for US$ 110 million and a Development Policy Loan with a Catastrophe Deferred Draw Down Option (CATDDO) for US$ 102 million.

CATDDO is a new instrument which provides immediate liquidity to the government after a disaster and Sri Lanka is the first country in South Asia Region to use this facility. In addition to the two projects a significant amount of technical assistance is expected with the support of the Global Facility for Disaster Reduction and Recovery (GFDRR) in the areas of risk modeling and disaster risk financing and insurance.

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.