The European Commission announced May 20 that it had contributed €54.5 million ($77.1 million) to a global partnership that aims to help developing countries reduce their vulnerability to natural hazards and adapt to climate change.
The commission and the World Bank, which houses the Global Facility for Disaster Reduction and Recovery, signed the financial agreement during the third session of the United Nations Global Platform for Disaster Risk Reduction and the first World Reconstruction Conference, which took place earlier this month in Geneva, Switzerland.
>> World Reconstruction Conference Ends with Concrete Action for Disaster Preparedness
The funding will be used to provide technical assistance for disaster risk reduction and climate adaptation policy development as well as for “building-back better,” and establish a fast-track recovery instrument to back post-disaster needs assessments in the African, Caribbean and Pacific group of states.
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