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Inter-American Development Bank helps Guatemala relief

Tuesday, October 12, 2010

The Inter-American Development Bank announced $250 million to Guatemala to mitigate the effects of climate change that this year has cost losses of $1.5 billion to the economy and 274 lives.

The new contribution adds to the $30 million that the bank provided for the emergency in May following the eruption of the Pacaya volcano.

As well as the financial aid, the bank aims to support Guatemala in the development of its strategy to meet climate change, as well as with its reconstruction.

Original source (in Spanish): AFP