World Bank approves $150 million disaster fund for Dominican RepublicWASHINGTON (Reuters) - The World Bank on Thursday approved $150 million in disaster financing for the Dominican Republic to help it better prepare for natural disasters, weeks after the country was pummeled by two major hurricanes. The loan was the first contingency line of credit approved by the World Bank for a Caribbean country under the so-called Catastrophe Deferred Drawdown Option. The facility provides countries with financing to prepare them for natural disasters without taking government resources away from social or development programs, the World Bank said. The Dominican Republic was battered by Hurricane Irma on Sept. 7 and drenched days later by Hurricane Maria, forcing evacuations and damaging infrastructure and homes.       This financing will help us mitigate risks from climate shocks, natural disasters, as well as pandemics,  Dominican Republic President Danilo Medina said in a statement. Tahseen Sayed, World Bank director for the Caribbean, said the financing would help the Dominican Republic strengthen and speed up its response to disasters.  The most important lesson from our experience in disaster response across the world is to invest in prevention and preparedness to be able to respond speedily when disaster strikes,  said Sayed. Economic damage from disasters in the Dominican Republican is estimated at about $420 million a year, according to a recent World Bank and Ministry of Economy, Planning and Development study.  worldnews
world bank approves million disaster fund dominican republicwashington reuters the world bank thursday approved million disaster financing dominican republic help better prepare natural disasters weeks country plummeted two major hurricanes the loan first contingency line credit approved world bank caribbean country catastrophe deferred dropdown option the facility provides countries financing prepare natural disasters without taking government resources away social development programs world bank said the dominican republic battered hurricane irma reached days later hurricane maria forcing evacuations damaging infrastructure homes this financing help us mitigate risks climate shocks natural disasters well pandemic dominican republic president daily medina said statement tahseen stayed world bank director caribbean said financing would help dominican republic strengthen speed response disasters the important lesson experience disaster response across world invest prevention preparedness able respond speedily disaster strikes said stayed economic damage disasters dominican republican estimated million year according recent world bank ministry economy planning development study worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: World Bank approves $150 million disaster fund for Dominican RepublicWASHINGTON (Reuters) - The World Bank on Thursday approved $150 million in disaster financing for the Dominican Republic to help it better prepare for natural disasters, weeks after the country was pummeled by two major hurricanes. The loan was the first contingency line of credit approved by the World Bank for a Caribbean country under the so-called Catastrophe Deferred Drawdown Option. The facility provides countries with financing to prepare them for natural disasters without taking government resources away from social or development programs, the World Bank said. The Dominican Republic was battered by Hurricane Irma on Sept. 7 and drenched days later by Hurricane Maria, forcing evacuations and damaging infrastructure and homes.       This financing will help us mitigate risks from climate shocks, natural disasters, as well as pandemics,  Dominican Republic President Danilo Medina said in a statement. Tahseen Sayed, World Bank director for the Caribbean, said the financing would help the Dominican Republic strengthen and speed up its response to disasters.  The most important lesson from our experience in disaster response across the world is to invest in prevention and preparedness to be able to respond speedily when disaster strikes,  said Sayed. Economic damage from disasters in the Dominican Republican is estimated at about $420 million a year, according to a recent World Bank and Ministry of Economy, Planning and Development study.  worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: world bank approves million disaster fund dominican republicwashington reuters the world bank thursday approved million disaster financing dominican republic help better prepare natural disasters weeks country plummeted two major hurricanes the loan first contingency line credit approved world bank caribbean country catastrophe deferred dropdown option the facility provides countries financing prepare natural disasters without taking government resources away social development programs world bank said the dominican republic battered hurricane irma reached days later hurricane maria forcing evacuations damaging infrastructure homes this financing help us mitigate risks climate shocks natural disasters well pandemic dominican republic president daily medina said statement tahseen stayed world bank director caribbean said financing would help dominican republic strengthen speed response disasters the important lesson experience disaster response across world invest prevention preparedness able respond speedily disaster strikes said stayed economic damage disasters dominican republican estimated million year according recent world bank ministry economy planning development study worldnews