IDB Supports The Bahamas to Prevent Flooding in Key Areas
Bahamas, Dec. 4 -- The Board of Executive Directors of the Inter-American Development Bank (IDB) approved an US$80 million loan to enhance the resilience and sustainability of transport infrastructure and mitigate socioeconomic disruptions caused by recurrent flooding in New Providence, The Bahamas.This operation will finance a Global Multiple Works (GOM) program to increase the resilience of key transport corridors by improving draining systems and optimizing the effectiveness and efficiency of road maintenance.The program is aligned with ONE Caribbean, the IDB Group's comprehensive regional approach to promoting sustainable development in the Caribbean and Small Island Developing States. It is also aligned with Ready and Resilient America...
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