ADB to provide $3 million for earthquake relief in Myanmar
The Asian Development Bank (ADB) is preparing a $3 million grant to support emergency and humanitarian needs of the people of Myanmar affected by the 7.7 magnitude earthquake on 28 March, Kazinform News Agency cites the press service of the Bank.
The grant, which is being prepared for expedited approval by ADB’s Board of Directors, will be provided through the United Nations World Food Programme (WFP) to meet immediate needs through the distribution of in-kind food and multi-purpose cash assistance to purchase essential items, such as drinking water, medical supplies, and shelter.
The earthquake has intensified Myanmar’s ongoing humanitarian crisis, adding urgency to the existing challenges faced by the people.
“We are deeply concerned by the impact of the earthquake on the people of Myanmar and are immediately preparing a $3 million grant to support emergency relief efforts,” said ADB Director General for Southeast Asia Winfried Wicklein. “We will consider additional and more substantial support by tapping into resources from the community development window of Asian Development Fund 14.”
The grant will come from the Asia Pacific Disaster Response Fund (APDRF), which provides fast-tracked grants to developing member countries for life-saving purposes in the immediate aftermath of major disasters triggered by a natural hazard.
ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—49 from the region.
Earlier it was reported that ADB had disclosed a number of projects to be implemented in Tajikistan in the near future.
