Dominica signs US$65M loan agreement with World Bank for climate resilience
Dominica on Thursday morning signed a US$65-million loan agreement with the World Bank for projects to help build a climate resilient island in the wake of Hurricane Maria.
The projects will include Emergency Agricultural Livelihood and Housing Recovery.
Of that sum, US$25-million will go towards agriculture and US$40-million towards housing.
Under the housing program, up to 1,700 families will receive subsidies for rebuilding houses. An estimated 4,900 farmers and fishers will receive support under the agriculture program to help restore livelihood and to introduce and adopt climate resilient practices
Minister in the Ministry of Housing, Johnson Drigo said, the signing ceremony was a “tangible demonstration” of rebuilding Dominica after the passage of the monster hurricane last September.