ADB grants US$2mn to Sri Lanka for disaster relief
ECONOMYNEXT – Manila-based Asian Development Bank said it is giving $2.0 million for disaster relief following floods and landslides in Sri Lanka.
"Considering the scope of the damage in Sri Lanka and the government’s constrained resources, it is critical that we assist the people of Sri Lanka in this time of urgent need," Sri Widowati, ADB Country Director in Sri Lanka, said in a statement.
The grant comes from ADB’s Asia-Pacific Disaster Response Fund to purchase emergency relief materials and help restore community services.
“ADB stands ready to assist in the long-term rehabilitation of calamity-hit areas,” ADB President Takehiko Nakao was quoted as saying to Sri Lankan President Maithripala Sirisena. (Colombo/June09/2017)