Europe injects $10 million to shield Central America from disasters
Following a year of deadly storms, Europe is moving to pad out Central America´s finances toward disaster preparedness with a $10 million fund, according to the European Commission´s Guatemala office.
The money will be deposited into a disaster preparedness fund of the European Commission´s Humanitarian Aid department, called DIPECHO, started in 1996, the CE office said in a statement.
The commission said DIPECHO will be used to carry out 20 new projects across the region aimed at enhancing Central America´s response to natural disasters, helping some 600,000 residents.
Since Central America entered DIPECHO in 1988, the international aid package has put some $22.5 million toward financing nearly 70 projects.
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