Disaster Risk Mitigation and Adaptation Project

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The objective of the Albania Disaster Risk Mitigation and Adaptation Project (AL-DRMAP) is to strengthen institutional capacities: (a) to reduce Albania's vulnerability to the natural and manmade hazards; and (b) to limit human, economic, and financial losses due to these disasters. There are five components to the project. The first component is the disaster risk management and preparedness. Its objective is to support capacity building for emergency response mechanism through provision of necessary equipment, and strengthening disaster risk mitigation planning. The second component is the strengthening of hydro meteorological services. Its objective is to support disaster risk reduction through provision of accurate hydro meteorological forecasts and services tailored to the needs of disaster risk managers in weather-sensitive sectors. The third component is the development of building. Its objective is to reduce risks from seismic activities through development of improved building codes and mechanisms for introduction of improved standards. The fourth component is the catastrophe insurance. Its objective is providing access to private catastrophe risk insurance to households and small and medium enterprises (SMEs). The fifth component is the project management. Its will finance some project management costs, such as procurement and financial management consultants, monitoring and evaluation activities, and incremental operating costs of managing the project and project reporting and audits.