The World Bank Lends $ 500 Million to Support Croatia’s Recovery from the Seismic Corona Virus

Zagreb (Croatia), June 29 (SeeNews) – Word Bank said it has approved two loans worth US $ 500 million (446 million euros) to provide Croatia with emergency support to mitigate the effects of the coronary virus crisis and earthquake that struck the capital Zagreb in March.

The World Bank said in a statement that the first loan, amounting to $ 300 million, will finance the crisis response policy and recovery development process that will support the economic packages of the government approved in March and April to mitigate the economic and social impact of the COVID-19 crisis. on Friday.

The statement said that the project will also address some of the institutional gaps in Croatia for a long time, and lay the foundations for a comprehensive and sustainable recovery.

The government’s actions aim to mitigate the impact of the epidemic on workers and companies, by providing wage subsidies to reduce job losses, expanding free health insurance coverage for the poor, and providing additional liquidity to companies through financing and tax-exempt programs.

The World Bank noted that the measures also address key institutional bottlenecks, support policies for the elderly without income, and promote low-carbon development and resilience to climate change in line with EU goals, as well as management improvements in the framework of absorbing European Union funds. .

The second loan, amounting to $ 200 million, is aimed at an urgent earthquake recovery, recovery and public health preparedness project, which represents the first major loan for reconstruction in Zagreb after the 5.3-magnitude earthquake, which left behind significant material losses and killed one person.

The World Bank said that the project will finance the reconstruction and rehabilitation of vital public services in health and education facilities, the design of a financial support program for the reconstruction of private housing, and will strengthen Croatia’s institutional capacity to respond to future disasters and manage future risks. .

“Dealing with the aftermath of the earthquake in addition to the epidemic is an extraordinary achievement that Croatia must face which will require financial, technical and advisory support from all,” said Elisabita Capanelli, World Bank Director in Croatia. He said in the statement.

“While reconstruction will be very expensive, we are confident that with the authorities and the Croatian partners, we can support a speedy recovery,” she added.

In May, Prime Minister Andrei Blinkovich said that post-earthquake reconstruction work is estimated to cost 13 billion euros.

($ = 0.891233 EUR)

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos