Consultation Workshop Held on Improving Building Safety at Ulaanbaatar City Public Schools and Kindergartens

Stocks and Financial Services Press Releases Friday March 17, 2017 09:02
ULAANBAATAR--17 Mar--World Bank

ULAANBAATAR, March 16, 2017 – Representatives from the National Emergency Management Agency (NEMA), Ministry of Construction and Urban Development, Ulaanbaatar city municipality, the World Bank, and civil society organizations gathered together at a consultation workshop on seismic resilience of public schools in Ulaanbaatar today.

Participants discussed the preliminary findings of the seismic vulnerability assessment of Ulaanbaatar schools, a study jointly conducted by NEMA and the World Bank with support from the Global Facility for Disaster Reduction and Recovery. They also discussed further actions that stakeholders can take to improve the resilience of Ulaanbaatar to earthquakes.

Among the proposed recommendations of the study were cost-effective interventions to improve resilience of Ulaanbaatar schools, such as retrofitting school buildings to resist larger earthquake forces. Such retrofitting interventions could be the anchor for a broader disaster risk reduction program, not only to prevent damage and collapse of buildings, but ultimately to save lives.

Participants also highlighted the need to start a similar program in other cities that are subject to earthquakes, as well as for other types of older buildings with high occupancy such as hospitals.
Ulaanbaatar occupies only 0.3 percent of Mongolia's land area, but is home to 44 percent of the total population. The city generates 63.6 percent of national gross domestic product.

Latest Press Release

Fitch: Thailand#s New Beverage Excise Tax to Hit Beer Harder

Thailand's new Excise Tax Act will have a greater impact on local beer producers than domestic spirits producers as the beer market is more competitive and demand is sensitive to prices, says Fitch Ratings. The producers of non-alcoholic beverages will...

mai welcomes Sermsang Power Corporation on September 27

Market for Alternative Investment (mai) will list Sermsang Power Corporation pcl, a holding company investing in solar power production and distribution, on September 27, under the ticker symbol "SSP". The company has a market capitalization at its...

Spain-Based Kutxabank Ratings Raised To #BBB/A-2# On Improving Capi Outlook Positive

MADRID (S&P Global Ratings) Sept. 26, 2017--S&P Global Ratings said today that it raised its long- and short-term counterparty credit ratings on Spain-based Kutxabank S.A. to 'BBB/A-2' from 'BBB-/A-3'. The outlook is positive. The upgrade mainly...

Material-Handling Equipment Maker KION Outlook Revised To Positive On Expected Further De Affirmed At #BB+#

FRANKFURT (S&P Global Ratings) Sept. 26, 2017--S&P Global Ratings said today that it had revised its outlook on German material-handling equipment manufacturer KION GROUP AG to positive from stable and affirmed the 'BB+' long-term corporate...

CK Hutchison#s Proposed Guaranteed U.S. Dollar-Denominated Notes Assigned #A-# Rating

HONG KONG (S&P Global Ratings) Sept. 26, 2017--S&P Global Ratings said today that it had assigned its 'A-' long-term issue rating to a proposed issue of U.S. dollar-denominated senior unsecured notes by CK Hutchison International (17) (II) Ltd....

Related Topics