World Bank Approves US$20 million for Grenada to Reduce Disaster Risks and Build Resilience

Media Release Courtesy The World Bank

World Bank Approves US$20 million for Grenada to Reduce Disaster Risks and Build Resilience

Wednesday, January 22, 2020 — WASHINGTON — The World Bank Board of Executive Directors approved a US$20 million Disaster Risk Management Development Policy Credit for Grenada with a Deferred Drawdown Option for Catastrophe Risks (Cat DDO). The Cat DDO provides Grenada with contingent financing in case of natural disasters while supporting the country’s reform program to […]