Help needs to come immediately to save lives; recovery and reconstruction have to start swiftly to lessen the impact.
However, while money is critical to this response, it’s not just about funding. Indeed, funds need to match the event scale, target the right areas and sectors, and smoothly flow to communities in need. But in order for that to happen, sound public policy on risk and frameworks have to be in place.
To address both urgent financial needs while pursing strategic disaster risk management policy goals, countries have been using the World Bank’s development policy loan with a catastrophe deferred drawdown option or, more widely known as the Cat DDO.
Europe and Central Asia
On May 31 we had the pleasure of presenting the first phase of the Poland Catching-up Regions Program, an initiative of the European Commission and the World Bank. In just over one year, this initiative has successfully addressed a number of key development challenges faced by two "lagging regions" in Poland – Podkarpackie and Świetokrzyskie.
The initiative's successes range from faster business registration in Rzeszow and Kielce (the capitals of the two regions, respectively) to the setting-up of a vocational education training system in Świteokrzyskie and design of a Technology Transfer Center in Rzeszow. Partnered with outstanding teams from the European Commission and Poland, the World Bank was able to support this progress by bringing together global expertise and hands-on collaboration in both design and implementation of policies. This is important for Poland and for the lessons it provides for other developing countries.
This importance of cities for regional and national development now serves as a foundation for the dialogue between the World Bank and the European Commission, with respect to the design of the European Regional Development Fund (ERDF) for the 2014-2020 Programming Period. The ERDF is the world’s largest investment program targeting sub-national public infrastructure investments.
In this video, World Bank Senior Director Ede Ijjasz-Vasquez and Marcel Ionescu-Heroiu, Senior Urban Development Specialist from Romania Country Office team, discuss the importance of cities in regional and national growth and development, and the role the Bank is playing in the design of the world’s largest sub-national investment fund.
In disaster risk management, we often pay close attention to the latest technological boosts to better understand risks and help communities prepare for the next disaster. While such efforts are commendable, I noticed that
Such messages teach us how to keep hazards away from people (reducing existing risks) as well as how to keep people away from hazards (avoid creating new risks). On my latest trip to Japan, we hosted government officials from Armenia, Kyrgyz Republic, and Tajikistan as part of an experts’ visit focusing on disaster risk management, acting on Japan’s rich culture of passing on such decisive messages to future generations.
At merely 1 meter above sea level, Venice has had its fair share of natural disasters, especially floods. In 1966, the record-high 194-cm flood had severe consequences on the Old Venice, causing an estimated $6 million worth of damage (1966 US dollars). Given the city’s touristic and historical significance to Italy and the world, protection from flood is a top priority.
That's why the Government of Italy has invested over €5.5 billion on the MOSE Project, which involves constructing 4 mobile barriers at the mouth of the water basin to the sea in order to better control high tide and prevent it from flooding the Old Venice. Each barrier consists of several energy-efficient flap gates that can be deployed quickly when high tide occurs, maintaining the ideal water level in the basin while safeguarding the natural ecosystem in the laguna area. Once the project is completed in 2018, it should fully protect the city, and allow future generations to admire the beauty of its glory days.
Across the world, countries facing rapid, and often unplanned, urbanization deal with a number of challenges that affect their growing populations. The issues range from a lack of access to decent housing and basic services such as sanitation, water, healthcare, electricity and transport. This has adverse impacts on the quality of urban living. It also undermines the efforts of cities to achieve their full economic potential.