World Bank Supports Pacific Resilience Project II

The World Bank’s Board of Executive Directors yesterday approved 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 $19.6 million grant for the Marshall Islands and a $4 million grant for the Pacific Community (SPC) to support this important initiative.

The Marshall Islands are exposed to a variety of natural hazards, including prolonged and repeated droughts, flooding from king tides and storms which model estimates say cost the economy some $3 million per year on average, according to the World Bank.

The vast majority of residents live along the coastline, which is vulnerable to coastal erosion, storm surges and sea level rise.

The Pacific Resilience Project II is the second phase of a series of projects under the Pacific Resilience Program (PREP).

A partnership which currently includes Tonga, Samoa, the Marshall Islands, Vanuatu, the Pacific Community (SPC), the Pacific Islands Forum Secretariat (PIFS) and the World Bank, PREP shares expertise on disaster risk management and increases economies of scale.

This second phase provides a broad range of climate resilient initiatives and investments, including nationally implemented activities by the government of the Marshall Islands and regionally implemented activities through the Pacific Community (SPC).

Share this article

Follow Dredging Today

Events>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

4TH EUROPEAN DREDGING SUMMIT 2019

This event has varied programme, balancing the focuses in different disciplines of the industry…

read more >

22nd World Dredging Congress & Exposition (WODCON XXII)

The event is being organized by the World Organization of Dredging Associations (WODA), China Dredging Association (CHIDA) and Eastern…

read more >

IADC SEMINAR ON DREDGING AND RECLAMATION IN DELFT

This five-day course strives to provide an understanding through lectures by experts in the field and workshops…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply