Establishment of the Asia Pacific Disaster Response Fund

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.

 

 
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Source URL: https://www.adb.org/documents/establishment-asia-pacific-disaster-response-fund