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Article: DOMINICAN REPUBLIC-TROPICAL STORM NOEL: WORLD BANK SUPPORTS RECOVERY EFFORTS

Article from:
US Fed News Service, Including US State News
Article date:
November 6, 2007
Copyright

The International Bank for Reconstruction and Development issued the following press release:

The World Bank today announced it is making available immediate support of up to US$56 million from the existing projects for the Dominican Republic to help the government provide urgent assistance, following the passage of Tropical Storm Noel last week. The Bank will mobilize support for longer term rehabilitation and reconstruction, which includes up to $100 million in new financing in the form of an emergency loan.

"Bank staff are on the ground assessing the damage jointly with the United Nations, governments and other organizations, and discussing with authorities how best the Bank can support ...

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