Suriname has signed a US$22.2 million project with the World Bank aimed at enhancing community resilience against environmental shocks. The initiative focuses on improving flood risk management and supporting 35 communities, prioritizing women-led efforts. With over 87% of its population living in coastal areas, this project addresses significant vulnerabilities and aims to mitigate future flood damages while fostering sustainable development.
The World Bank has announced that Suriname has entered into an innovative project designed to bolster resilience against environmental shocks. Signed on a recent Friday, the project represents a significant advancement in Suriname’s developmental collaboration with the World Bank. Through the Suriname Preparedness and Enhancing Resilient Communities Project, this initiative aims to significantly enhance the country’s ability to withstand disasters and enhance community resilience.
This initiative, which is valued at US$22.2 million, is notable as it is the inaugural project funded by the World Bank’s International Development Association (IDA) since Suriname’s recent membership in October 2024. The project will provide direct support to 50,000 residents across Suriname’s capital and strategically enhance flood risk management efforts in 35 communities, particularly in Paramaribo, Saramacca, and Wanica, with a focus on women-led initiatives.
Suriname’s geographical vulnerability to recurrent coastal and rainfall-related flooding poses significant threats, with over 87% of the population residing on low-lying coastal plains. The World Bank has identified the Greater Paramaribo region, which houses 67% of the population, as particularly susceptible due to inadequate drainage and maintenance. Projections indicate that annual flood damages could potentially increase to US$140 million by the year 2040 without proactive interventions.
Minister of Finance and Planning, Stanley Raghoebarsing, remarked, “This is a significant milestone for Suriname. This project is not just an investment in flood prevention; it is an investment in the future resilience of our communities.” He emphasized the project’s importance in fostering long-term sustainable development and protecting local populations.
The project not only aims to enhance resilience by improving urban drainage and disaster risk management but also focuses on supporting community-based adaptation projects. Upgrading drainage infrastructure in Greater Paramaribo, enhancing emergency preparedness systems, and investing in local resilience initiatives are crucial aspects of the project’s scope.
Diletta Doretti, the World Bank Resident Representative for Suriname, stated, “The potentially transformative effect of this project cannot be overstated.” She highlighted its dual role in decreasing flood risks and empowering communities through inclusive, locally-driven solutions while providing access to affordable financing needed for future investments.
The IDA complements the World Bank Group’s efforts by offering support tailored for low-income nations and small island economies, facilitating investments that significantly improve lives and foster safer, more prosperous communities globally.
Suriname’s collaboration with the World Bank to initiate the Suriname Preparedness and Enhancing Resilient Communities Project marks a vital step in enhancing disaster resilience. The project, valued at US$22.2 million, will directly support 50,000 residents and involve community-led initiatives, particularly via women’s leadership. It aims to address the vulnerabilities of coastal communities and substantially reduce potential flood-related damages in the future. Through strategic infrastructural improvements and capacity building, this initiative underscores a commitment to sustainable development and the well-being of Surinamese communities in the face of climate threats.
Original Source: www.jamaicaobserver.com
