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Stories of Impact: Weathering Future Storms in Seychelles

Countries
Seychelles
Sources
GFDRR
+ 1 more
Publication date
Origin
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RESULTS & ACHIEVEMENTS

• With funding support from the World Bank and others, the Government of Seychelles developed short, medium, and long-term disaster-resilient development initiatives which are expected to benefit 87,000 people and rehabilitate 500km of roadways.

• The results of the Damage and Loss Assessment (DaLA), conducted with support from the World Bank and GFDRR through the ACP-EU NDRR Program, led to the development of multi-risk mapping and an extensive review of flood risk financing options to address the $30 million estimated cost of immediate reconstruction and recovery needs.

• The DaLA laid the foundation for the creation of Sub-Saharan Africa’s first World Bank-financed disaster contingent credit line, which provides the government with $7 million in immediate liquidity in the aftermath of a large-scale catastrophe.

• As a result of an extensive risk financing assessment, Seychelles joined the newly launched Southwest Indian Ocean Risk Assessment and Financing Initiative (SWIO RAFI), a regional effort to increase fiscal capacity to respond to disasters.