Beryl Emergency Response and Recovery Project: World Bank Approves $54 Million Loan for Barbados
November 25, 2024
The World Bank approves a US$54 million loan for Barbados to aid in post-Hurricane Beryl recovery and enhance disaster response capabilities for the country and other vulnerable nations.
The World Bank has approved a US$54 million (BDS$108 million) loan for Barbados, which Prime Minister Mia Amor Mottley said will not only help the country bounce back from Hurricane Beryl but “stand stronger in the face of the next one”.
On Thursday the international financial institution’s board of executive directors approved the Beryl Emergency Response and Recovery Project to support Barbados’ recovery from the impacts of Hurricane Beryl.
Officials said the project, which is expected to benefit approximately 24 640 people, includes innovative World Bank mechanisms which will help Barbados and other vulnerable countries better respond to disasters.
