Revised Emergency Assistance Loan Policy
This paper presents ADB’s stand-alone revised emergency assistance loan (EAL) policy, which establishes the EAL modality as a policy separate from the Disaster and Emergency Assistance Policy (DEAP).
The revised emergency assistance loan (EAL) policy emphasizes rapid approval of loans to help rebuild high-priority physical assets and restore economic, social, and governance activities after disasters and emergencies. Key changes to the EAL include (i) allowing flexibility to ensure a realistic processing time frame and providing additional resources for project preparation, (ii) supporting reconstruction under EALs, (iii) defining clear implementation timelines, and (iv) retiring the quick-disbursing component.
- Issues, Gaps, and Changes
- ADB’s Revised Emergency Assistance Loan Policy
- Request for Board Guidance