World Bank helps hurricane relief effort in Nicaragua

The World Bank offered USD17 million to speed up the recovery of communities affected by hurricane Felix. “This project will help the Government rebuild communities of the North Atlantic region of Nicaragua in the aftermath of hurricane Felix,” said World Bank official Laura Frigenti. “In the coming months, each step taken will be crucial to rebuild what was lost, so the Bank is working closely with local communities in this effort,” she added. The disaster impaired the country’s crucial sectors – agriculture and fisheries – which account for 78 percent of the region’s total production. “The Bank will support in particular the recovery of the small scale fisheries sector to restore incomes of fishermen and to foster economic development,” said World Bank country manager for Nicaragua Joseph Owen. (Press release: Nicaragua: WB approves USD17 million in emergency support to rebuild North Atlantic communities/The World Bank Group)

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