Approximately US$125 million are available for immediate use and more funds are being agreed with the federal government
BRASILIA, May 10, 2024 - The World Bank is providing emergency support to the state of Rio Grande do Sul, heavily impacted by recent rains and floods. Approximately US$125 million (around R$625 million) in resources from ongoing projects are already available for immediate reallocation. The funds come from the projects "Urban Resilience Program in Southern Brazil", "Revitalization Program for the Central Area of Porto Alegre", and "Support Program for the New Bolsa Família". In addition, teams from the institution are providing technical assistance in damage assessment, resource prioritization, and funds deployment.
Besides financial support, World Bank teams are also providing free technical assistance to help authorities at the federal, state and municipal levels deal with the high volume of decisions and actions required on numerous fronts. This assistance includes damage and needs assessments, action planning and ways to ensure the most efficient execution of funds. Prioritization is done based on the government's most urgent needs and in close coordination with other partners.
In addition, the institution is talking to the federal, state and municipal governments and the Regional Development Bank of the Far South (BRDE) about making new resources available on an accelerated basis. These resources will be used to finance recovery and provide technical assistance in structuring what is being called a "Marshall Plan" for rebuilding the state, including developing urban resilience and flood mitigation structures.
"The World Bank stands in solidarity with the population of the state of Rio Grande do Sul, so affected by the recent disaster," said Sophie Naudeau, Acting Director and Operations Manager of the World Bank for Brazil. "We have extensive experience in crisis management and reconstruction linked to natural disasters in several countries around the world and we are bringing this knowledge to bear on the state's rapid recovery. We are also ready to work together with the competent authorities to prevent future disasters like this from causing so much personal and material damage," added Naudeau.
Disasters like the one in Rio Grande do Sul are clear examples of the need for greater preparation for future climate-related events, which tend to be more frequent. Recently, the World Bank approved a new set of crisis response tools to allow countries to quickly redirect unused resources in their portfolio to make emergency relief easier and faster.
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