Catalog

Tsunami Timetable
ADB Review [ April 2005 ]

ADB approves $600 million Asian Tsunami Fund in February

By Ian Gill, (igill@adb.org)
Principal External Relations Specialist

26 December 2004

At about 8 am local time, an earthquake off Sumatra—registering 9 on the Richter scale—causes a tsunami in the Indian Ocean, killing nearly 300,000 people and devastating coastal communities of India, Indonesia, Maldives, Sri Lanka, and Thailand.

28 December 2004

Then ADB President Tadao Chino offers immediate assistance to afflicted countries.

31 December 2004

ADB announces that up to $325 million will be made available in response to requests from Indonesia, Maldives, and Sri Lanka to finance priority reconstruction and rehabilitation work.

5 January 2005

ADB Director General Shamshad Akhtar signs a Memorandum of Understanding with the Indonesian Government on a framework for emergency assistance.

6 January 2005

Then President Tadao Chino tells ASEAN Leaders’ Special Meeting in Indonesia that ADB will provide up to $675 million for the three countries.

7 January 2005

Then President Chino visits Aceh, Indonesia’s worst hit province, with Kofi Annan, Jim Wolfensohn, and Indonesian Cabinet members.

11 January 2005

ADB and World Bank say India requests assistance for reconstruction and rehabilitation.

DEVASTATION ADB staffers Bob Rinker and Janeesha Samarasekera talk with homeless people at Moratuwa, Sri Lanka

13 January 2005

ADB releases “An Initial Assessment of the Impact of the Earthquake and Tsunami on South and Southeast Asia,” which says the tsunami could throw nearly 2 million additional people into poverty.

15 January 2005

Then President Chino visits tsunamiaffected areas of Sri Lanka and announces $200 million in tsunami assistance in 2005.

19 January 2005

Damage and loss assessment report by ADB, World Bank, and the Government says Indonesia needs $4.5 billion–$5 billion for reconstruction.

21 January 2005

ADB attends 14th Consultative Group on Indonesia meeting and pledges new commitments of up to $800 million, including tsunami assistance.

26 January 2005

Vice-President Liqun Jin, visiting tsunamiaffected areas in the Maldives, announces ADB will provide $20 million in grants.

2 February 2005

ADB, World Bank, and Japan Bank for International Cooperation release damage and needs assessment report, saying Sri Lanka needs $1.5 billion.

14 February 2005

ADB, World Bank, and the United Nations Development Programme release needs assessment for the Maldives, saying the country will need $304 million.

17 February 2005

ADB approves setting up a multidonor Asian Tsunami Fund, with ADB making an initial contribution of $600 million to deliver emergency grants.

25 February 2005

ADB approves first emergency credit—the reallocation of $7 million to provide emergency microcredit in Sri Lanka.

4 March 2005

ADB approves reallocation of $65 million for emergency work in Indonesia.

9 March 2005

New ADB President Haruhiko Kuroda visits tsunami-affected areas in Indonesia.

17 March 2005

ADB hosts Maldives Donors Meeting for Post-Tsunami Response in Manila.

18 March 2005

ADB hosts high-level conference at ADB headquarters in Manila to sustain momentum of the development community effort as tsunami response shifts from the relief phase to rehabilitation and reconstruction.

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