Myan­mar to re­ceive US$200 Mil­lion in fi­nanc­ing for post-dis­as­ter re­cov­ery and re­con­struc­tion

Mizzima Business Weekly - - NEWS ROUNDUPS -

Com­mu­ni­ties hit hard by the floods and land­slides that dev­as­tated ar­eas of Myan­mar in 2015 will re­ceive as­sis­tance for re­silient road re­con­struc­tion, liveli­hoods sup­port, and re­cov­ery of the agri­cul­ture sec­tor as part of the Flood and Land­slide Emer­gency Re­cov­ery Project (FLERP). The World Bank’s Board of Ex­ec­u­tive Di­rec­tors ap­proved US$200 mil­lion of fi­nanc­ing for the project, ac­cord­ing to a state­ment re­leased on 14 July.

The FLERP will fo­cus on the worst-hit ar­eas and vil­lages in Aye­yarwady, Sa­gaing, Mag­way, Bago, Yangon, Chin and Rakhine states and re­gions. It will fund re­pairs to na­tional and ru­ral roads, and help in­tro­duce dis­as­ter- and cli­mate-re­silient ap­proaches in the roads sec­tor. The re­con­struc­tion of ru­ral roads will help cre­ate work and train­ing op­por­tu­ni­ties for lo­cal com­mu­ni­ties.

“Af­ter floods and land­slides, the pres­sure to re­build roads is tremen­dous and the World Bank’s sup­port to re­ha­bil­i­tate roads is critical in get­ting peo­ple back to mar­kets and schools,” said Daw Tin Moe Myint, Di­rec­tor of the Depart­ment of Ru­ral De­vel­op­ment at the Min­istry of Agri­cul­ture, Live­stock and Ir­ri­ga­tion. “Un­der the project, we will work on measures that strengthen cli­mate re­silience, so that roads are not washed away dur­ing the next dis­as­ter.”

The floods and land­slides that oc­curred be­tween July and Septem­ber 2015 dis­placed over 1.6 mil­lion peo­ple and caused 132 fa­tal­i­ties across the coun­try. The to­tal eco­nomic losses from the dis­as­ter are es­ti­mated to equal 3.1 per­cent of the coun­try’s gross do­mes­tic prod­uct (GDP) in 2014/2015, ac­cord­ing to the re­sults of the Gov­ern­ment of Myan­mar’s Post-Flood and Land­slide Needs As­sess­ment, car­ried out with as­sis­tance from de­vel­op­ment part­ners in­clud­ing the World Bank.

The trans­port sec­tor was the worst hit by the floods and land­slides, ac­count­ing for about 50 per­cent of the to­tal dam­ages in the public do­main. Dam­ages and losses in the agri­cul­ture sec­tor have left a ma­jor im­pact on the peo­ple. Small busi­nesses, in­di­vid­ual fam­i­lies and farm­ers suf­fered the worst, with loss of in­come and liveli­hoods com­pounded by loss of as­sets and re­duced ac­cess to so­cial ser­vices.

The FLERP will sup­port the re­cov­ery of the agri­cul­ture sec­tor through the pur­chase of critical ma­chin­ery and equip­ment, pro­duc­tion in­puts, and other goods to ad­dress the ur­gent needs of farm­ers and fish­er­men to re­cover and safe­guard against vul­ner­a­bil­ity from fu­ture dis­as­ters.

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