1st November, 2017
ROSEAU, Dominica (WIC News) – Dominica’s Prime Minister Roosevelt Skerrit has met with World Bank Vice President Jorge Familiar met to discuss the island’s needs following devastation brought by Hurricane Maria.
The tiny nation was hit by the full force of the category five storm on 18 September.
A World Bank team was deployed to Dominica, working to assist the government in assessing the damage and start planning the reconstruction.
As part of the Hurricane response, the World Bank is preparing a financial package of over US$100 million.
The funding will provide immediate support to farmers, rebuild resilient public infrastructure, strengthen resilience, and help create financial buffers.
Preliminary results from the rapid damage and loss assessment – jointly conducted with the World Bank, the UN, the Caribbean Development Bank, the Eastern Caribbean Central Bank and the European Union – estimate that Hurricane Maria brought damage and losses of over 200% of annual GDP. This is equivalent to approximately US$1.3 billion.
Public infrastructure, electricity and telecom networks, housing and agriculture sectors suffered the biggest damages.
During the meeting, Prime Minister Skerrit requested support for providing small grants to farmers and small businesses impacted by the Hurricane.
In response, World Bank Vice President confirmed the immediate availability of US$10 million to help support small farmers rebuild their livelihoods.
Caption: Roosevelt Skerrit, left, and Jorge Familiar
Photo Credit: WIC News