City
Epaper

World Bank approves $169mn credit for Cambodia's disaster risk management

By IANS | Updated: May 26, 2022 15:30 IST

Phnom Penh, May 26 The World Bank has approved $169 million in new financing for Cambodia to improve ...

Open in App

Phnom Penh, May 26 The World Bank has approved $169 million in new financing for Cambodia to improve its disaster risk management, an official statement said on Thursday.

The project will support the reconstruction of roads and bridges in flood-affected areas and improve the government's ability to respond to climate disasters, Xinhua news agency reported.

"It will benefit approximately 5.5 million people in seven provinces, of whom 52 percent are women, and anyone who uses those roads," it said.

The project will also train government staff, mostly at the Ministry of Rural Development, in disaster risk management, climate change adaptation, and post-disaster needs assessment.

World Bank country manager for Cambodia Maryam Salim said the country is highly vulnerable to a range of negative climate change impacts, particularly floods and droughts, and the rural infrastructure is highly vulnerable to climate disaster risks.

"This project will help to ensure that rural infrastructure remain robust and resilient to climate change, and that vulnerable populations will be protected against disaster shocks," she said.

Salim said rural roads are critical to the day-to-day life of rural communities, and damage to key road segments can cripple the livelihood of rural households and curtail access to basic services such as markets, schools and hospitals.

According to the statement, extensive flooding in 2020 underscored Cambodia's need for continued investment in disaster risk management and the vulnerability of key infrastructure.

It said the project will be implemented by the Ministry of Rural Development.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: XinhuaWorld BankThe world bank groupImf-world bank
Open in App

Related Stories

MaharashtraMaharashtra Gets Rs 1,595 Crore Loan From World Bank Ahead of CM Swearing-In Ceremony

InternationalMajor UK Railway Stations Hit by Cyber Attack; Network Rail Suspends Wi-Fi Service

NationalIndia Serves Notice to Pakistan Seeking Review of Indus Water Treaty: Sources

NationalWorld Bank Pledges Rs. 3000 Crores to Fund Water Management and Flood Mitigation in ‘Bengaluru’

NationalWorld Bank Projects Indian Economy To Grow at 7.5% in 2024

Politics Realted Stories

MaharashtraBMC Elections 2025: Devendra Fadnavis Says Clarity on Seat-Sharing Will Emerge in Two Days

NationalBJP Candidate Satish Kumar Leading Over Tejashwi Yadav in Raghopur Assembly Constituency

NationalBihar Assembly Election Results 2025: Tejashwi Yadav Leads, Tej Pratap Trails in Early Trends

NationalTarn Taran Assembly By-Election 2025: 23.05% Voter Turnout Recorded Till 11 AM in Punjab By-Poll

MaharashtraWho Is Akshaya Naik? Shetkari Kamgar Paksha Named Mayoral Candidate of Alibag