The Solomon Island Government and the World Bank have together signed a new USD$3m project in Honiara this week.

The funding will go towards a pilot project on "Increasing Resilience to Climate Change and Natural Hazards in the Solomon Islands".

Funded by the government of Japan through the Japan Pacific Human Resource Development Trust Funds, the funds will be administered by the World Bank, and the Ministry of Environment, Climate Change, Disaster Management and Meteorology will implement the project.

The Ministry will work in partnership with that of Planning and Aid Development and Coordination, and will run for a four year period starting now.

Speaking at the signing yesterday World Bank's Acting Country Director, Ulrich Zachau said he was very pleased to sign the project.

The Japanese Ambassador in the country Akira Iwanade said he hopes that the Japanese and World Bank project will produce multiple effects to disaster risk management in Solomon Islands.