
World Bank Expands Support for countries Hit by Disasters
The World Bank has expanded its Climate Resilient Debt Clause (CRDC) to provide enhanced support to small, vulnerable countries facing natural disasters and pandemics. Now covering a wider range of crises—including floods, droughts, and health emergencies—the CRDC allows eligible nations to defer loan repayments for up to two years, providing crucial flexibility for recovery. This initiative aims to speed up financial relief and strengthen resilience against climate and health shocks, ensuring faster, more comprehensive support for the world’s most at-risk populations
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