MAPUTO - The World Bank today announced that it has mobilized over half a billion dollars in new resources to help people in Mozambique, Malawi, and Zimbabwe affected by the assessed impact of Cyclone Idai.
The World Bank is activating the International Development Association (IDA) Crisis Response Window (CRW) to provide up to $545 million in total for the three affected countries. This is in addition to nearly $150 million in resources that have recently been made available from existing projects. Together, total World Bank support to the three countries' recovery reaches around $700 million. The World Bank is also working with Mozambique and Comoros to assess and respond to the newest development--Cyclone Kenneth.
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