World Bank Announces $1 Billion Fund for Indonesia

The World Bank has decided to help Indonesia by providing $1 billion fund, after causing damage by earth-quake.
Indonesia has recently faced deadly earthquake-tsunami that killed thousands so that World Bank said in a statement that they will provide fund of $1 billion.
The fund for Indonesian government for relief and reconstruction efforts in the country that damaged by earthquakes and a tsunami.
Georgieva visited Palu earlier this week and said, “Disasters will continue to hit and with climate change there will be more.”
“The best memorial we can build for the victims of disaster is to build better, so next time when a disaster hits fewer people are affected, fewer lives are lost, and there is less damage.”
About 90,000 people were displaced by the quake in Palu.
The quake devasted 9.1-magnitude tremor that struck off the coast of Sumatra in December 2004, killing 220,000 throughout the region, including 168,000 in Indonesia.
Finance Minister Sri Mulyani Indrawati said, “This is not one earmark for a certain project, this is something that can be used by the government to support (people) during this uncertain time.”
Indonesia is storm-prone area as it lies on the Pacific “Ring of Fire”, where tectonic plates collide and many of the world’s volcanic eruptions and earthquakes occur.
So this dissaster can back again.
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