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IDB approves $80 million loan to bolster flood resilience in New Providence
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IDB approves $80 million loan to bolster flood resilience in New Providence
NASSAU, BAHAMAS — The Inter-American Development Bank (IDB) has approved an US$80 million loan to strengthen New Providence’s resilience to recurrent flooding, aiming to reduce socioeconomic disruptions and protect key transport corridors across the island. The loan will fund a Global Multiple Works (GOM) program to design and implement sustainable flood-mitigation and stormwater-management infrastructure in urban roads, main thoroughfares, and …
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