The World Bank Board of Executive Directors today approved a financing credit to the Republic of Moldova in the amount of US$ 10 million for the Disaster and Climate Risk Management Project. The main objective of the project is to strengthen the State Hydrometeorological Service's ability to forecast severe weather and improve Moldova's capacity to prepare for and respond to natural disasters.
The project aims to reduce Moldova's susceptibility to natural disasters, particularly in agriculture and related sectors and diminish the country's economic vulnerability to droughts, floods and other natural shocks.
"The project is a clear expression of an efficient co-operation between the Republic of Moldova and the World Bank - an honest and committed partner of our country", said Victor Bodiu, Minister of State.
"The drought of 2007, the floods of 2008 and 2010 have reaffirmed the imperative need for action in diminishing the impact of natural disasters on Moldova's people and economy", said Melanie Marlett, World Bank Country Manager for Moldova. "We are pleased that the Government has made this issue a priority. We hope that the US$ 10 million approved today will help equip the country to better prepare for and respond to natural disasters, for example through better weather forecasting."
