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>

<< Jul 2019 >>
MTWTFSS
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
29 30 31 1 2 3 4

Global Dredging Forum

2 day conference on the commercial activities of ports. How to meet the global demands of new vessels in an increasingly competitive market.

read more >

10th Dredging & Land Reclamation Summit 2019

The 10th Dredging & Land Reclamation World between 15-18 July 2019 in London is aimed at resolving…

read more >

10TH Annual Conference Dredging in India

The conference will focus on strategies and solutions to meet the future dredging requirements…

read more >

Australasian Coasts and Ports 2019

Conference Theme “Future directions from 40°S and beyond” reflects the increasing awareness about the need to find suitable…

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