WASHINGTON (Reuters) - The World Bank and Global Environmental Facility have approved $3.8 million in grant funding to protect low-lying coastal areas in Guyana threatened by rising sea levels, an official said on Friday.
This is the first project of its kind to be approved under the Global Environmental Facility's Special Climate Change Fund. It will look at ways to improve coastal drainage in the small South American country.
Gerald Meier, a consultant with the World Bank's hazard risk management group, said the project was responding to the catastrophic flooding in Guyana in 2005, which affected most of the inhabited northern coast of the country where up to 90 percent of the population lives.
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