ADB Assistance to Typhoon Recovery Reaches $1 Billion
Dec 27, 2013
The Asian Development Bank (ADB) has so far approved $900 million in assistance for livelihood restoration, infrastructure reconstruction climate resilience initiatives in communities affected by Typhoon Yolanda, as well as budget support to the Government of the Philippines.
In addition to the loans and grants already approved by the ADB Board of Directors, up to $150 million from ongoing projects can also be reallocated to support conditional cash transfers, infrastructure reconstruction, and natural resource management, which would push ADB’s support in excess of $1 billion. Average ADB lending to the Philippines is about $600 million per year.
"We stand shoulder to shoulder with the Philippines to build back better. A ray of hope is what we offer to affected people through our support for the government's reconstruction plan," said ADB Vice President Stephen Groff at the briefing for Philippine development partners on reconstruction assistance on Yolanda. "ADB's assistance is meant to help ramp up livelihood restoration programs, rebuild crucial services, and ensure farmers and the fishing community have the tools they need to get back on track."
ADB will also establish a field office in Tacloban to help implement projects as part of the government’s reconstruction plan. A field office should maximize responsiveness and efficiency and allow ADB to be present as government and affected communities require.
With reconstruction costs estimated to exceed $8 billion, ADB stands prepared to offer further support.
The $900 million package approved by ADB consists of $23 million in grants, a $500 million emergency loan, and a $372 million loan for a community-driven development program that will help rebuild about 6,000 barangays devastated by the typhoon, benefiting more than 4 million people.
More News and Articles
Apr 26, 2024
News
Bothar’s cutting head innovation
The trenchless industry in Australia continues to grow and the need to provide customised solutions becomes vital for a leading subsurface contractor.
Recognising the need for advanced solutions to meet the growing …
Apr 24, 2024
News
Sustainable drainage solutions: German Start-up transforms urban water management.
Germany boasts a well-established infrastructure for managing rainwater and wastewater, yet many developing countries lack such systems. Addressing this gap, …
Apr 22, 2024
News
HDD tooling that gets the job done
Horizontal directional drilling is a dynamic process that constantly changes and adapts to suit a range of applications across utilities and infrastructure. Operators looking to get the most from their equipment …
Apr 19, 2024
News
WATCH: Overnight with SAERTEX-LINER H20 in São Paulo
Available through Pipe Core, high-quality liner SAERTEX-LINER H20 performed under pressure in São Paulo, Brazil.
Maintaining aging potable water pipe infrastructure is a constant challenge …
Apr 17, 2024
News
Immersive media provides wastewater experience in Denmark
An immersive media experience (IMX) may not be what most people want when they think about industrial wastewater, but that is exactly what visitors can expect when they visit a new installation …
Apr 15, 2024
News
Spotlight on gender diversity at Pipe Core
Since founding in 2008, Pipe Core’s team has grown across all areas of the business and is now in a position where there are more females than males across the organisation. Research published in Harvard …
Apr 12, 2024
News
New Wave of Startups Scale Innovation to Solve Global Water Challenges
Innovators from Around the World Join Xylem’s 2024 Accelerator Program to Deploy Breakthrough Innovations for Utilities and Industrial Users of Water
A new group of startups …
Apr 08, 2024
News
Integrated sustainable electricity and clean drinking water systems
Altitude Water and New Use Energy Solutions have partnered to create integrated, mobile solar-plus-water generation systems that produce sustainable electricity and clean drinking …
Apr 05, 2024
News
How to Evaluate Hydraulic Fracture Risk in HDD Design
The design of horizontal directional drill (HDD) installations often requires an evaluation of the potential for hydraulic fracture of the soil layers through which an HDD passes. Evaluating …
Apr 02, 2024
News
Historic Project Linking Rome and Vatican City Uses Advanced Technology and Local Knowledge to Keep Water Flowing
Relocation of Major Sewer Infrastructure Enables Construction of Pedestrian Link for 35 Million Visitors to the 2025 Jubilee
Water …
Mar 27, 2024
News
USU Study Looks at Water Main Break Rates in the U.S. and Canada
Report Highlights Correlation Between Material and Diameter
Utah State University (USU) has published new research on water main breaks in the United States and Canada, examining …
Mar 26, 2024
News
Update BE-21: New Material in Course and Modules on Trenchless Pipe Installation
Online training on the topic of pipeline installation in civil engineering: Trenchless technology for underground drainage construction can be a resource-efficient, …
Contact
Asian Development Bank
Karen Lynne Palmer
6 ADB Avenue
1550 Mandaluyong City
Philippines