The World Bank Group has announced, it will increase its support for disaster and climate resilient development in small island developing states from US$145 million per year to about US$190 million.
It will also work with partners towards a Small Island States Resilience Initiative.
The initiative is designed to serve the unique needs of small islands with tailored technical expertise and funding to build resilience and deal with the impacts of climate change.
Making the announcement in Apia today, Rachel Kyte, World Bank Group Vice President and Special Envoy for Climate Change says, as some of the most threatened people and places on the planet, small island nations are stepping up efforts to deal with climate change.
She says, this initiative is designed to address the specific needs of small islands and make it easier, faster, and simpler to access funding to deal with resilience and climate change.
Island nations often have to deal with fragmented donor support that creates an unnecessary burden on government capacity.
It is understood, Solomon Islands is currently managing 22 different projects on climate and disaster resilience.