World Bank Approves Additional Financing to Build Climate Resilience in the Indian State of Kerala - India

The World Bank has approved a $125m (123m) loan to help the southern Indian state of Kerala to tackle floods and landslides which have left millions of lives devastated by the devastating impacts of coastal erosion and disease outbreaks, according to the countrys chief financial officer, Arvind Kejriwal.. But How could the world bank increase its resilience to climate change, the BBC s Geeta Pandey looks at what it says is going to be the first major funding to support the state in an effort to protect its communities from the effects of natural disasters in the US and Canada, as part of an ambitious project aimed at protecting the nation from severe damages from landslide and deforestation. The BBC has learned that the project will be given another $150m loan for the next five years, and it will help protect more than five million people from catastrophic levels of landfall and tsunamis that have affected thousands more people in northern India, in what is now known as the resilient state across the Indian coastline - including Hurricane Irma and other areas of the region. Why is the government planning to provide further support for this project?

Source: reliefweb.int
Published on 2023-06-17