Establishment of the Asia Pacific Disaster Response Fund

Institutional Document | March 2009

This paper proposes the establishment of the Asia Pacific Disaster Response Fund (APDRF) as a special fund to provide immediate assistance to developing member countries impacted by major natural disasters.

The Disaster and Emergency Assistance Policy of the Asian Development Bank (ADB), approved on 1 June 2004, recognizes the importance of addressing disaster and emergency assistance in an integrated fashion, financing not only long-term disaster reconstruction programs but also disaster risk management and disaster risk reduction activities. The action plan for this policy, approved by Management in April 2008, includes a recommendation to explore the provision of a quick disbursing fund for developing member countries (DMCs) impacted by a major natural disaster. This paper proposes the establishment of the Asia Pacific Disaster Response Fund (APDRF) as a special fund to provide such immediate assistance.

Contents 

  • Introduction
  • Background and Rationale
  • Objective and Scope
  • Implementation Arrangements
  • Adoption of New Asia Pacific Disaster Response Fund Regulations
  • Contributions to the Asia Pacific Disaster Response Fund
  • Administration Arrangements
  • Recommendation
  • Appendixes

Additional Details

Type
Subjects
  • ADB funds and products
  • Governance and public sector management
  • Disaster Risk Management
  • Disasters
  • Environment

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