Establishment of the Asia Pacific Disaster Response Fund
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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
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