World Bank Bolsters El Salvador's Natural Disaster Preparedness

The World Bank has set aside USD50 million to help El Salvador better manage natural disasters. The loan uses the deferred drawn option modality, a financing scheme that enables the government to use the funds in case of a national disaster, according to a World Bank press release.

About the author

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    Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.