Friday 14 December 2018
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reliefweb - 5 month ago

Romania: World Bank Support to Resilience Protects Livelihoods, Safeguards Economic Gains in Romania

Source: World Bank Country: Romania
WASHINGTON, June 26, 2018 — The World Bank’s Board of Executive Directors today approved a €400 million ($493.06 million equivalent) Disaster Risk Management Development Policy Loan for Romania, which includes a Catastrophe Deferred Drawdown Option (CAT DDO). This loan will help support Romania’s efforts to effectively prepare for - and respond to - natural disasters and climate change by strengthening institutions and legislation. “Catastrophic events represent a s

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