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World Bank disburses $50 million in aid for El Salvador in wake of flood emergency. Major natural disaster

Thursday, November 10, 2011

The World Bank confirmed that it has disbursed $50 million to help El Salvador deal with the emergency caused by the tropical depression that battered the country last month displacing thousands of people from their homes and causing $840 million in damages.

The amount represents an immediate source of liquidity for the Salvadoran Government and complements their efforts to cover the most urgent needs of thousands of victims and maintain the provision of public services.

Tropical Depression 12-E is one of the most damaging natural disasters to have hit El Salvador in decades.

Original source: The World Bank (press release)