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The project titled "Integrating Flood and Drought Management and Early Warning for Climate Change Adaptation in the Volta Basin’’, for which the development process started in 2015 and received great support and contributions from Volta Basin Authority Executive Secretariat and institutions from the six Volta Basin riparian countries, has been approved for funding from the Adaptation Fund during the 23rd meeting of the Project and Program Evaluation Committee (PPRC) of the Fund held from 9 to 11 October, 2018 in Bonn, Germany.

Tuesday, 5 June 2018 - Pre-monsoon conditions in Sri Lanka have caused storms (with rainfall peaking at 350 mm over 24 hours) since 19 May 2018 in the southwest parts of the country. Precipitation triggered a flood and landslide situation across the country, affecting thousands of lives and livelihoods, as well as causing damage to property.

Floods are a recurrent natural calamity in Pakistan, followed by earthquakes, cyclones and drought. However, drought is more damaging than floods in terms of food insecurity. Evidence of chronic water shortages have been painfully evident in some parts of Pakistan in recent years, due to low rainfall and extreme variations in temperature.

Objective: To fully understand the economics of water in a country, river basin or region to determine the real value of proposed investments and their related costs and benefits, and to be better able to motivate infrastructure financing.

The Green Climate Fund (GCF) was established in 2012 as a financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC), dedicated to addressing the climate crisis. The GCF is specifically mandated to promote country-driven, climate-resilient and low-carbon development. It is expected to become a primary channel through which international public climate finance will flow over time.

The Green Climate Fund (GCF) was established in 2012 as a financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC), dedicated to addressing the climate crisis. The GCF is specifically mandated to promote country-driven, climate-resilient and low-carbon development. It is expected to become a primary channel through which international public climate finance will flow over time.

The Global Platform for Disaster Risk Reduction is a biennial multi-stakeholder forum established by the UN General Assembly to review progress, share knowledge and discuss the latest developments and trends in reducing disaster risk. In 2019, it is held 13-17 May in Geneva, Switzerland.