News Release No: 2001/150/LAC
WASHINGTON, December 8, 2000-The
World Bank yesterday approved a $404 million loan to support a wide-ranging
initiative by the Government of Mexico to reduce the country's vulnerability
to the impact of natural disasters, and to support rapid recovery when
they occur.
"More than 8,000 Mexicans have lost
their lives in natural disasters over the past 20 years, and property losses
have totaled over $11 billion," said Olivier Lafourcade, the World
Bank's Country Director for Mexico. "This loan will help Mexico reduce