Suriname Partners with World Bank to Enhance Environmental Resilience

The World Bank approved a $22.2 million project in Suriname to enhance disaster resilience. This initiative aims to improve flood risk management and support community-led projects, directly benefitting 50,000 residents. With a focus on inclusivity, at least 50% of initiatives will be women-led. The project responds to the growing threat of flooding and aims to strengthen local capacities against future disasters.

Suriname and the World Bank have made significant progress in their development collaboration with the approval of the Suriname Preparedness and Enhancing Resilient Communities Project. This initiative, funded by the International Development Association (IDA) for $22.2 million, is Suriname’s first since joining the IDA in October 2024. The project focuses on improving resilience against disasters, specifically for residents in and around the capital.

The initiative will directly enhance the lives of 50,000 residents by improving flood risk management and promoting community-led resilience efforts in 35 communities across Paramaribo, Saramacca, and Wanica. Importantly, at least half of these initiatives will be led by women, addressing gender inclusivity in disaster management.

Given that over 87 percent of Suriname’s population lives in vulnerable coastal areas, the project aims to mitigate the severe impacts of flooding—historically a significant risk to the economy and community infrastructure. Without intervention, it is forecasted that flood-related damages could reach $140 million annually by 2040.

Finance Minister Stanley Raghoebarsing remarked on the importance, stating that the project represents an investment in the future resilience of communities, thereby ensuring long-term sustainable development. He described the partnership with the World Bank as a decisive step toward protecting citizens.

Furthermore, the project aims to bolster disaster risk management through infrastructure upgrades and improved emergency preparedness. It will support community resilience initiatives, focusing on sustainable solutions tailored to local needs.

Diletta Doretti, the World Bank Resident Representative for Suriname, emphasized the project’s transformative potential, highlighting that it will reduce flood risks and strengthen community resilience via inclusive, locally driven solutions. Access to low-cost financing will further benefit the nation’s efforts.

Moreover, this initiative was developed in collaboration with the Canada Caribbean Resilience Facility and the European Commission, through programs like the ACP-EU Natural Disaster Risk Reduction Program, in association with the Global Facility for Disaster Reduction and Recovery.

In conclusion, the Suriname Preparedness and Enhancing Resilient Communities Project marks a crucial development in enhancing the country’s disaster resilience. By investing in sustainable infrastructure and community-led initiatives, Suriname addresses significant vulnerabilities while fostering inclusive growth. This partnership with the World Bank not only aims to mitigate flood risks but also enhances the overall stability of the nation’s economy and community well-being.

Original Source: www.miragenews.com