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.