World Bank and AFD Join Efforts to Strengthen Tunisia’s Disaster Resilience Capacities Format Tunis, March 11th, 2021 — The World Bank’s board of Executive Directors approved today US$50 million in financing to support a disaster and climate resilience project in Tunisia, complemented by French Development Agency (AFD) financing equivalent to US$50 million – a total package of US$100 million. The Program aims to strengthen Tunisia’s disaster risk management and financing efforts to better protect the country’s population and safeguard assets from disasters and climate-related events. Tunisia is highly exposed to a wide range of natural hazards including floods, drought, landslides, forest fires, sand encroachment, and snowstorms. While droughts are most frequently recorded (54 percent of disaster events reported between 1957 and 2018), floods accounted for the most significant economic losses in that same period (approximately 60 percent of total losses), the highest number of casualties, and the highest number of people affected (around 560,000 people).