The World Bank's Board of Directors have approved a $150 million loan to support the 'Resilient Kerala Program' to continue strengthening the state's preparedness against natural disasters, climate change impacts, and disease outbreaks.This additional financing will further deepen Kerala's resilience in the critical areas of coastal erosion and water resource management.
Kerala is highly vulnerable to natural disasters and prone to the effects of climate change, given its location along the Southern Indian coast. In 2021, floods and landslides in the state led to a number of deaths and damages of around $100 million. Recurring disasters such as these have left devastating impacts on the livelihoods of vulnerable groups, especially women farmers and fisherwomen.
This financing complements the bank's earlier investment of $125 million and the overall support of the two projects is expected to protect nearly 5 million people from the impacts of floods.
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