ADB will provide immediate grant support of $2 million to Vietnam, $3 million to Sri Lanka, and $2 million to Thailand; following requests for support from the governments.
Announcing the financial aid on December 3, President of the Asian Development Bank (ADB) Masato Kanda said the grants will support emergency and humanitarian efforts, and will come from the ADB’s 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 natural hazards.
This new assistance package will play an important role in helping localities in Vietnam, as well as in Sri Lanka and Thailand, recover from the severe damage caused by recent storms and flooding. It provides essential resources to support these countries in strengthening their capacity to respond, recover, and rebuild in the face of increasingly frequent and intense extreme weather events.
In Vietnam, a series of major storms and prolonged heavy rainfall have recently triggered serious flooding. Many provinces, particularly in the central region, have suffered significant losses. Many areas have even reported casualties, leaving profound social and economic impacts on local communities.
With the $2 million support from ADB for Vietnam, the funding will help authorities and affected communities swiftly implement emergency relief and recovery activities.
“I am deeply saddened by the suffering caused by these devastating floods,” Mr. Kanda said. “The governments and people of Sri Lanka, Thailand, and Vietnam can rest assured that ADB will provide assistance to help save lives and rebuild communities. We will work quickly and cooperatively with governments to bring shelter, comfort and hope to those affected by these terrible events”.
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