News / Economy

World Bank May Increase Grants to Poor in Typhoon-hit Philippines

Typhoon victims line up for free rice at a businessman's warehouse in Tacloban city, which was battered by Typhoon Haiyan, in central Philippines. Nov. 12, 2013.
Typhoon victims line up for free rice at a businessman's warehouse in Tacloban city, which was battered by Typhoon Haiyan, in central Philippines. Nov. 12, 2013.
Reuters
The World Bank is considering increasing cash grants for the poor in the Philippines after the island nation was hit by a devastating typhoon at the weekend.
 
The development lender provides such grants via the Philippine government to encourage the country's poorest people to send their children to school and check their health.
 
The bank is now discussing with the government whether to increase the speed and volume of the transfers after Typhoon Haiyan, or to remove conditions placed on them, World Bank President Jim Yong Kim told a news briefing on Tuesday.
 
“We've made clear to the authorities in the Philippines that we'd be prepared to be involved in any way that they find appropriate,” Kim said. He added that the bank could also consider assisting in the removal of some of the debris from the storm, as it did after the earthquake in Haiti.
 
Philippine officials have been overwhelmed by Haiyan, one of the strongest typhoons on record. It tore through the central Philippines on Friday and flattened Tacloban, coastal capital of Leyte province.
 
On Tuesday, President Benigno Aquino estimated the death toll at 2,000 to 2,500. Many of those who died drowned in a tsunami-like wall of seawater.
 
Kim said the typhoon should bring to the forefront the devastation that is likely to accompany climate change, as the number and frequency of storms and droughts increases around the world.
 
“The critical issue is that you cannot connect any single event to climate change,” he said.
 
“That's not the point... . The real event is that the frequency of these events is increasing, and that's exactly what the climate-change scientists have predicted.”
 
The United Nations Intergovernmental Panel on Climate Change (IPCC) has said it is “more likely than not” that storms will increase in intensity in the coming century.
 
The World Bank has increased its focus on climate change since Kim took office last year, publishing several reports about the effects of a warmer world. Kim argues that climate change will hit the world's poorest the hardest.
 
The priority for the Philippines should be to increase its resilience to future weather shocks, Kim said, adding that the World Bank had done analysis on how much it would cost to create levies, barriers and other measures to reduce the impact of storms.
 
The cost of major storms in terms of damage to coastlines worldwide is currently about $6 billion a year, but this could increase to $1 trillion a year by 2050, in inflation-adjusted terms, due to the impact of climate change, Kim said.
 
Investing about $50 billion a year globally on building resilience could avoid most costs in the future, he said.
 
“It's going to be very expensive, but compared to what it will cost if we don't do it, we think it's a good investment,” he said, adding that the World Bank was working with governments to assist poorer countries with the investments.

You May Like

US, Brazil's Climate-Change Plan: More Renewables, Less Deforestation

Officials say joint initiative on climate change will allow Brazil, United States to strengthen and accelerate cooperation on issues ranging from land use to clean energy More

Video Blind Somali Journalist Defies Odds in Mogadishu

Reporting from Somali capital for past decade, Abdifatah Hassan Kalgacal has been working at one of Mogadishu's leading radio stations covering parliament More

After Nearly a Century, Voodoo Opera Rises Again

Opera centers on character named Lolo, a Louisiana plantation worker and Voodoo priestess More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Blind Somali Journalist Defies Odds in Mogadishui
X
Abdulaziz Billow
June 30, 2015 2:16 PM
Despite improving security in the last few years, Somalia remains one of the most dangerous countries to be a journalist – even more so for someone who cannot see. Abdulaziz Billow has the story of journalist Abdifatah Hassan Kalgacal, who has been reporting from the Somali capital for the last decade despite being blind.
Video

Video Blind Somali Journalist Defies Odds in Mogadishu

Despite improving security in the last few years, Somalia remains one of the most dangerous countries to be a journalist – even more so for someone who cannot see. Abdulaziz Billow has the story of journalist Abdifatah Hassan Kalgacal, who has been reporting from the Somali capital for the last decade despite being blind.
Video

Video Texas Defies Same-Sex Marriage Ruling

Texas state officials have criticized the US Supreme Court decision giving same-sex couples the right to marry nationwide. The attorney general of Texas says last week's decision did not overrule constitutional "rights of religious liberty," and therefore officials performing wedding services can refuse to perform them for same-sex couples if it is against their religious beliefs. Zlatica Hoke reports on the controversy.
Video

Video US Gay Marriage Ruling Yields Real-life Impact

Friday’s landmark Supreme Court decision legalizing same-sex marriage throughout the United States is an outcome few thought possible just years ago, and shows a nation that increasingly tolerates and even celebrates the hopes and aspirations of gay people. VOA’s Michael Bowman spoke to a same-sex couple that will benefit from the high court ruling, and to a Christian scholar who is apprehensive about its potential consequences for America’s faith community.
Video

Video Syrians Flee IS Advance in Hasaka

The Syrian government said Monday it has taken back one of several districts in Hasaka overrun by Islamic State militants. But continued fighting elsewhere in the northern city has forced thousands of civilians from their homes. In this report narrated by Bill Rodgers, VOA Kurdish Service reporter Zana Omer describes the scene in Amouda, where some of the displaced are taking refuge.
Video

Video Rabbi Hits Road to Heal Jewish-Muslim Relations in France

France is on high alert after last week's terrorist attack near the city Lyon, just six months after deadly Paris shootings. The attack have added new tensions to relations between French Jews and Muslims. France’s Jewish and Muslim communities also share a common heritage, though, and as far as one French rabbi is concerned, they are destined to be friends. From the Paris suburb of La Courneuve, Lisa Bryant reports about Rabbi Michel Serfaty and his friendship bus.
Video

Video S. Korea Christians Protest Gay Rights Festival

The U.S. Supreme Court decision mandating marriage equality nationwide has energized gay rights supporters around the world. Gay rights remain a highly contentious issue in a key U.S. ally, South Korea, where police did a deft job Sunday of preventing potential clashes between Christian protesters and gay activists. Kurt Achin reports from Seoul.
Video

Video Saudi Leaks Expose ‘Checkbook Diplomacy’ In Battle With Iran

Saudi Arabia’s willingness to wield its oil money on the global diplomatic stage appears to have been laid bare, after the website WikiLeaks published tens of thousands of leaked cables from Riyadh’s Ministry of Foreign Affairs. VOA's Henry Ridgwell reports.
Video

Video Nubians in Kenya Face Land Challenges

East Africa's ethnic Nubians have a rich cultural history that dates back thousands of years, but in Kenya they are facing hardships, including the loss of lands they have lived on for generations. They say the government has reneged on its pledge to award them title deeds for the plots. VOA's Lenny Ruvaga reports.
Video

Video Syrian Refugees Return to Tal Abyad

Syrian refugees in Turkey confirm they left their hometown of Tal Abyad because of intense fighting and coalition airstrikes, not because Kurdish fighters were engaged in ethnic cleansing, as some Turkish officials charged. VOA Kurdish Service reporter Zana Omer, in Tal Abyad, finds that civilians coming back to the town agree, as we hear in this report narrated by Roger Wilkison.
Video

Video Military Experts Question New Russian Tank Capabilities

Russia has been showing off its new tank design – the Armata T-14. Designers claim it is 20 years ahead of current Western designs - and driving it feels like playing a computer game. But military analysts question those assertions, and warn the cost could be too heavy a burden for Russia’s struggling economy. Henry Ridgwell reports.
Video

Video In Kenya, Police Said to Shoot First, Ask Questions Later

An organization that documents torture and extrajudicial killings says Kenyan police were responsible for 1,252 shooting deaths in five cities, including Nairobi, between 2009 and 2014, representing 67 percent of all gun deaths in the areas reviewed. Gabe Joselow has more from Nairobi.
Video

Video In Syrian Crisis, Social Media Offer Small Comforts

Za’atari, a makeshift city in Jordan, may be the only Syrian refugee camp to tweet its activities, in an effort to keep donors motivated as the war in Syria intensifies and the humanitarian crisis deepens. Inside the camp, families say mobile phone applications help hold together families that are physically torn apart. VOA’s Heather Murdock reports.

VOA Blogs

World Currencies

EUR
USD
0.8926
JPY
USD
123.71
GBP
USD
0.6358
CAD
USD
1.2364
INR
USD
63.600

Rates may not be current.