India, Feb. 2 -- ZAGREB - Marko Primorac, Deputy Prime Minister and Minister of Finance and Anna Akhalkatsi, World Bank Division Director for the European Union (EU), signed an agreement for a project aimed at strengthening Croatia's disaster preparedness and institutional, physical, financial, and social resilience. The Disaster Preparedness and Resilience Development Policy Loan with a Catastrophe Deferred Drawdown Option (Cat DDO) will enable the government to better manage the fiscal and social impact of disasters by allowing it to quickly mobilize resources, facilitating emergency response and resilient recovery.
Croatia faces significant risks from earthquakes, floods, landslides, heatwaves, droughts, and wildfires. Average annual ec...