WB helps restore livelihoods
Tuesday, 11 March 2014
The World Bank is supporting the Government of Bangladesh through the Emergency Cyclone Recovery and Restoration Project (ECRRP) to help restore the lives and livelihoods of people in the coastal belt of Bangladesh affected by the Cyclone Sidr and Cyclone Aila in 2007 and 2009 respectively. The project, which also aims at building long-term disaster preparedness for the country, started in December 2008 and the World Bank has so far contributed US$ 324 million in this project, said a World Bank press release. In addition to World Bank financing, the project also received contributions from the Global Facility for Disaster Reduction and Recovery (US$2.96 million), Bangladesh Climate Change Resilience Fund (US$25 million), and KfW (Euro 3.82 million). The total available funds for this project are now US$356.9 million, according to a news agency.