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Disaster finance a first for region
Wednesday 7 December 2016 | Written by Rashneel Kumar | Published in Local
This limestone home was destroyed by Cyclone Pat which hit the island in February 2010, causing widespread devastation. 16120512
COOK ISLANDS has secured a $13.95 million loan from the Asian Development Bank (ADB) which will be made available in the event of a disaster hitting this country, The policy-based loan will fund the Cook Islands Disaster Resilience Programme, which will make finance rapidly available in the event of a disaster.
COOK ISLANDS has secured a $13.95 million loan from the Asian Development Bank (ADB) which will be made available in the event of a disaster hitting this country, The policy-based loan will fund the Cook Islands Disaster Resilience Programme, which will make finance rapidly available in the event of a disaster.
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