30 June 2008, Dhaka. The European Commission (EC) will provide a grant of 13 million euros to Bangladesh Rural Advancement Committee (Brac) in support of sustainable recovery and rehabilitation of agriculture-based and non-agriculture-based livelihood in cyclone Sidr-affected coastal areas.
The delegation of the European Commission to Bangladesh signed a grant agreement with BRAC to this effect yesterday, said an EC press release.
Brac Executive Director Mahabub Hossain and Dr Stefan Frowein, Ambassador of Head of delegation of the delegation of the European Commission signed the contract.
This action will help to link the relief phase, for which ECHO already provided 20.425 million euro with the longer term reconstruction and development of the affected areas.
This new EC support under the instrument for stability will provide much needed interventions to boost rehabilitation of agriculture-based and non-agriculture-based, livelihoods in severely cyclone Sidr affected areas of Bangladesh.
The action is designed to build upon previous and ongoing ECHO emergency intervention and link with ongoing DIPECHO disaster preparedness activities and the longer term EC development support for disaster risk reduction and food security.
A Joint Damage Loss and Needs Assessment, financed through the instrument for Stability, estimated the total amount of damage and losses caused by the cyclone at over 1.1 billion euro, equivalent to 2.8 percent of Bangladesh's GDP. More than two-thirds of this was physical damage and one-third economic loss.
Ambassador Frowein stated, "This additional support from the European Commission underlines the solidarity which the European Union has expressed with the government and the people of Bangladesh in the wake of this terrible natural disaster."
Ambassador and Head of Delegation of the European Commission Dr Stefan Erowein, second from left, and Executive Director of Brac Dr Mahabub Hossain shake hands at a ceremony in the city yesterday after signing a deal worth 13 million euros to support the sustainable recovery and rehabilitation of agro-based and non-agro-based livelihoods in Sidr-hit coastal areas