Philippines and ADB
In the Spotlight
On development assignment at ADB's Extended Mission to Yolanda-Affected Areas in Tacloban City, ADB staff Karen Baydo shares her joy at being able to take part in rebuilding the Visayas region, particularly her home province of Eastern Samar, in the Philippines.
One year after Typhoon Yolanda hit central Philippines, the green shoots of recovery are growing stronger and communities are rebuilding their lives.
The Philippines will continue its robust expansion in 2014 and 2015, though growth will undershoot earlier forecasts as unexpectedly low government spending, higher inflation, and related monetary tightening dampen activity.
The Philippines has demonstrated resilience amidst a difficult external environment, in contrast to the regional trend.
In 2013, ADB responded to the government's call for emergency relief and reconstruction support when a major disaster hit central Philippines. ADB approved $500 million for Emergency Assistance for Relief and Recovery from Typhoon Yolanda to support the government’s additional public spending needs under its recovery program.
The response also includes an emergency grant of $3 million under the Asia Pacific Disaster Response Fund, and a $20 million grant from the Japan Fund for Poverty Reduction for emergency assistance and early recovery work. ADB also assisted the government in the preparation of the Reconstruction Assistance on Yolanda.