Press Release No:2011/350/ECA
WASHINGTON, March 3, 2011 - Homeowners,
farmers, private business, and government agencies in Southeast Europe
and the Caucasus will have access to affordable disaster insurance thanks
to an innovative new program supported by World Bank financing.
The World Bank's Board of Directors today
approved loans of US$5 million for Former Yugoslav Republic of Macedonia,
and US$5 million for the Republic of Serbia as part of the regional South
East Europe and Caucasus Regional Catastrophe Risk Insurance Facility Project