World Bank Signs MOU with Asian Disaster Reduction Center

16 February 2011: The World Bank and the Asian Disaster Reduction Center (ADRC) signed a Memorandum of Understanding (MOU) in Tokyo, Japan, to strengthen cooperation and regional partnerships for disaster risk reduction (DRR), and to enhance capacity building and knowledge-sharing in disaster prevention in the face of growing climate change pressures in East Asia and the Pacific.

The signing was followed by a high-level workshop indentifying the main needs in the current disaster risk management and climate change adaptation agenda, and concrete ways in which the World Bank and the ADRC can jointly deliver expected results. The new cooperative arrangement between the World Bank and the ADRC will promote capacity building and technical assistance in the areas of disaster prevention, mitigation and response by mobilizing technical experts within ADRC member countries and technical assistance projects. [World Bank Press Release]