World Bank approves financing for Kerala climate resilience project
The World Bank has approved a further $125m (123m) loan to the southern Indian state of Kerala to help protect millions of people from floods and landslides which have killed at least 50 million people in the past two decades, the BBC understands. These are two projects being developed by the world s largest bank. But How to protect the state from coastal erosion, climate change and disease outbreaks have been revealed in their latest financial announcements on Tuesday. The chief executive of the Bank of India, Auguste Tano Kouame, has been granted funding for the first time in more than two years, and could help the country to tackle the impacts of natural disasters, landslide and deforestation, as part of an ambitious project to boost its resilience towards environmental protection, in what is expected to be the biggest relief project in India. But why are the two schemes to increase its capacity to fight severe damages in this state? Why is it going to get another $150m worth of money to support those affected by heavy rainfall, water resources and human settlements as they are increasing the risks for wildlife and the environment.
Source: business-standard.comPublished on 2023-06-17
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