IDB assists Central America and Dominican Republic in response to hurricane – Belize
The Inter-American Development Bank (IDB) has activated an emergency response for Central American countries that have been hit in recent months by hurricanes Julia, Fiona and Lisa, as well as other tropical storms and heavy rains, which caused flooding and mudslides that killed and damaged infrastructure in the region.
The Bank made available $40 million in immediate resources, including emergency grants for Belize, Costa Rica, El Salvador, Guatemala, Honduras, and the Dominican Republic; conditional loans in Nicaragua and El Salvador; and a reallocation of funds within the Honduras portfolio. These resources will provide humanitarian aid to victims of emergencies and will also be used to assess damage, identify areas at risk and restore infrastructure.
Building resilience in the region
In addition to its immediate response to emergencies, the IDB pursues a strategy aimed at making countries in the region more resilient to disasters. Its strategy is based on the Sendai Framework — the international agreement on disaster risk reduction — which has four priorities: (1) understanding disaster risk; (2) strengthen disaster risk governance; (3) investing in disaster risk reduction for resilience; and (4) improve disaster preparedness for effective response.
As part of these actions, the IDB has developed initiatives for water resource management, sustainable coastal zone management, building the resilience of agroforestry activities, and building the resilience of social and productive infrastructure, among others. It is also working with countries in the region to strengthen disaster risk governance by updating the Index of Governance and Public Policy in Disaster Risk Management (iGOPP). This update will guide effective processes for managing risk and adapting to climate change. Alongside this program, the IDB is also working on knowledge sharing on building resilience (Spanish version only).
This week, the 27th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP 27) is taking place in Egypt, and the IDB Group is participating as a key strategic partner in Latin America and the Caribbean. to channel private sector investment for climate action.
About the IDB
The Inter-American Development Bank is dedicated to improving lives. Founded in 1959, the IDB is a major source of long-term financing for economic, social and institutional development in Latin America and the Caribbean. The IDB also conducts cutting-edge research and provides policy advice, technical assistance and training to public and private sector clients throughout the region. Access our virtual tour.