World Bank provides $125mn to Brazil
The World Bank is providing emergency support to the state of Rio Grande do Sul, heavily impacted by recent rains and floods. Approximately Us$125mn (around RD 625mn) in resources from ongoing projects are already available for immediate reallocation.
The funds come from the projects ‘Urban Resilience Programme in Southern Brazil’, ‘Revitalisation Programme for the Central Area of Porto Alegre’ and ‘Support Programme for the New Bolsa Familia’. In addition, teams from the institution are providing technical assistance in damage assessment, resource prioritisation, and funds deployment.
In addition, the institution is talking to the federal, state and municipal governments and the Regional Development Bank of the Far South (BRDE) about making new resources available on an accelerated basis. These resources will be used to finance recovery and provide technical assistance in structuring what is being called a ‘Marshall Plan’ for rebuilding the state, including developing urban resilience and flood mitigation structures.
“The World Bank stands in solidarity with the population of the state of Rio Grande do Sul, so affected by the recent disaster,” said Sophie Naudeau, Acting Director and Operations Manager of the World Bank for Brazil. “We have extensive experience in crisis management and reconstruction linked to natural disasters in several countries around the world and we are bringing this knowledge to bear on the state’s rapid recovery. We are also
ready to work together with the competent authorities to prevent future disasters like this from causing so much personal and material damage,” added Naudeau.
Disasters like the one in Rio Grande do Sul are clear examples of the need for greater preparation for future climaterelated events, which tend to be more frequent. Recently, the World Bank approved a new set of crisis response tools to allow
countries to quickly redirect unused resources in their portfolio to make emergency relief easier and faster.
Meanwhile, the death toll from floods caused by heavy rains in Brazil has risen to 137, authorities reported on Saturday.
Following heavy rains that have been affecting the southern state of Rio Grande do Sul since last week, the loss of life and property is steadily increasing.