MANILA, PHILIPPINES – Almost 70 municipalities in the Philippines ravaged by Typhoon Yolanda will receive fresh support to jumpstart job opportunities and rebuild damaged infrastructure after today’s signing of a $20 million grant between the government of the Philippines and the Asian Development Bank (ADB).
“We have laid the groundwork to immediately put this assistance to use in cash-for-work programs and restoring crucial infrastructure, such as water systems, solid waste collection, and fuel and power supply,” said Claudia Buentjen, Principal Country Specialist in ADB’s Philippines Country Office.
The grant, funded by the Japan Fund for Poverty Reduction and approved immediately following the typhoon, will support thousands of affected families through cash-for-work programs and help restore income to farmers and fisherfolk by providing seeds, fertilizers, fishing nets, and fishing boats.
The funding will be disbursed in small grants of $1 million to $8 million to communities chosen in collaboration with local officials. In addition, assistance will be used to repair schools, build skills in masonry, and set up a system to monitor vulnerability to future disasters.
ADB has already provided a $3 million grant from its Asia-Pacific Disaster Response Fund, and approved a $372 million loan to a community-driven development project targeting affected communities, as well as $500 million emergency loan to meet the national government meet immediate post-disaster costs. Last month, ADB opened an Extended Mission for Yolanda, based in Tacloban.