Emergency Assistance for Relief and Recovery from Typhoon Yolanda

Date: December 2013
Country:
Subject:
Document Type: Reports and Recommendations of the President
Project Number: 47337-001

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Description

The report and recommendation of the President for the proposed loan to the Philippines for the Emergency Assistance for Relief and Recovery from Typhoon Yolanda (international name Haiyan) describes the terms and conditions for the approval of ADB's Management or Board of Directors.

The emergency assistance loan supports the Government of the Philippines’ fiscal response to meet additional public spending needs under its recovery program for areas affected by Typhoon Yolanda. The emergency assistance will help the government mitigate the impact of the typhoon on poverty incidence in the Visayas.