The World Bank will disburse $47.12 million to better protect buildings in Grenada and St. Vincent and the Grenadines from the effects of climate change.
The Regional Disaster Vulnerability Reduction Project aims to strengthen the capacity of public institutions to assess natural risks by creating a regional backbone technology infrastructure that will enable countries and regional technical entities to work together on risk evaluations.
The project will also support the retrofitting or rebuilding of vulnerable structures in a bid to curb economic loses and the risk of loss of life due to weak infrastructure.
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