World Bank Readies Flood Aid to Brazil

A river in Brazil rose due to the heavy rains, destroying houses along the bank. The World Bank prepares to give USD485 million to help provide emergency relief to flood and mudslide victims in the country. Photo by: Vladimir Platonow / Agencia Brazil / CC BY

The World Bank has voiced readiness to lend Brazil USD485 million to help provide emergency relief to flood and mudslide victims.

The Washington-based lender expects to approve an initial tranche worth USD290 million “in the coming weeks,” World Bank’s Brazil director, Makhtar Diop, said on Jan. 18.

The Brazilian government has already allocated USD460 million to deal with the impacts of flooding, which has claimed more than 700 lives, Voice of America reports.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.