Revised Emergency Assistance Loan Policy

Institutional Document | June 2021

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.

Contents 

  • Introduction
  • Background
  • Issues, Gaps, and Changes
  • ADB’s Revised Emergency Assistance Loan Policy
  • Request for Board Guidance
  • Appendixes

Additional Details

Type
Subjects
  • ADB administration and governance
  • Environment
  • Disaster Risk Management

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