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    NFP, an Aon Company, Acquires Sherman Insurance Agency, Inc., Expanding Transportation and Logistics Expertise Across the Upper Midwest and Beyond.

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    Best Double Door Refrigerators to Buy This Baisakhi 2026.

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    Herbalife to Expand Its Personalized Nutritional Supplement Capabilities Through Planned Acquisition of Bioniq .

    MTR Karunadu Swada – Ugadi Special Edition Brings Karnataka’s Culinary Heritage Alive.

    Zydus Launches Semaglutide Injection in an Innovative, Reusable Multi-Dose Pen Device in India

    Labels Were Never Her Size – Campus Activewear Celebrates Zeenat Aman This Women’s Day.

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    NFP, an Aon Company, Acquires Sherman Insurance Agency, Inc., Expanding Transportation and Logistics Expertise Across the Upper Midwest and Beyond.

    L to R - Previn Pillay Country Manager Visa Malaysia Bryan Foong CEO of Airline Business MAG.

    Malaysia Airlines and Visa Malaysia Partner to Drive Travel Demand and Deliver Seamless Payment Experiences.

    Protectt.ai Earns Prestigious Great Place To Work® Certification for 2026, Driving AI Innovation Through a People-First Culture.

    Nandini Nagaraj orgainsed spectacular “Miss Universe Karnataka 2026” Grand Finale.

    PM chairs CCS Meeting to review the situation and mitigating measures in the context of ongoing West Asia Conflict

    3M to create a leading fire and safety business; acquires Madison Fire & Rescue and combines with Scott Safety

  • National
    • All
    • Economy & Politics
    • Election

    Best Double Door Refrigerators to Buy This Baisakhi 2026.

    HAL Heritage Centre and Aerospace Museum Reopens with Immersive Aerospace Experience

    HAL Hands Over Four ALH Mk III (MR) Helicopters to Indian Coast Guard, Meets Delivery Timeline.

    Bhima Gold Unveils Ashtalakshmi Coin Collection for Akshaya Tritiya, Blending Devotion with Exquisite Design.

    From Classrooms to Careers: Samsung Innovation Campus Certifies 5,000 Youth in Tamil Nadu for an AI-Driven Future.

    Three-day National Agriculture Fair to bring all schemes under one roof for farmers.

  • Business

    MUFG Bank subscribes to 471,121,055 Equity Shares of Shriram Finance.

    Wipro Limited to Announce Results for the Fourth Quarter Ended March 31, 2026, on April 16, 2026.

    NFP, an Aon Company, Acquires Sherman Insurance Agency, Inc., Expanding Transportation and Logistics Expertise Across the Upper Midwest and Beyond.

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    Herbalife to Expand Its Personalized Nutritional Supplement Capabilities Through Planned Acquisition of Bioniq .

    Avee Kids Rebrands as Syoat Kids, Strengthening Its Oat-Focused Care Vision for Children

    Kenvue India and Indian Academy of Pediatrics Bengaluru Spotlight Evidence-Based Skincare for Pediatric Sensitive Skin at ‘Oat Nature Lab’

    MTR Karunadu Swada – Ugadi Special Edition Brings Karnataka’s Culinary Heritage Alive.

    “Bachpana Shouldn’t Retire”: A National Call to Redefine Aging with Joy, Dignity and Preventive Care

    Zydus Launches Semaglutide Injection in an Innovative, Reusable Multi-Dose Pen Device in India

  • Technology
    • All
    • Environment
    • Science

    HAL Hands Over Four ALH Mk III (MR) Helicopters to Indian Coast Guard, Meets Delivery Timeline.

    From Classrooms to Careers: Samsung Innovation Campus Certifies 5,000 Youth in Tamil Nadu for an AI-Driven Future.

    International Conference on Spacecraft Mission Operations (SMOPS-2026) Commences in Bengaluru .

    Protectt.ai Earns Prestigious Great Place To Work® Certification for 2026, Driving AI Innovation Through a People-First Culture.

    Dr. Jitendra Singh inaugurates BioNEST at “Central Food Technology & Research Institute” (CFTRI) Mysuru, Focus on Food Startups

    Auk Computing and Qualcomm Introduce “Make- in- India” AI On-Prem Appliance at India AI Summit 2026

  • Auto

    Tata Motors Delivers First Batch of electric Prima E.55S to BillionE Mobility; Advances Zero-Emission Freight Transport.

    Tata Motors Expands India’s Most Comprehensive Electric CV Portfolio Launches Tata Intra EV Pickup at an unmatched price of Rs. 11.95 lakh.

    Honda Expands Two-Wheeler Production Capacity in India with New Line at Tapukara Plant

    Get Ready to ‘Drive to shine’ with the new Hyundai EXTER at a starting price of INR 5 79 900

  • Sports

    Greenwood High Hosts High-Performance Multi-Sport Summer Programme with Global Coaching Talent.

    BCCI mourns the passing of former India cricketer C.D. Gopinath.

    Romario Shepherd reflects on journey from Guyana to RCB .

    TATA IPL Fan Parks 2026 Phase 2 to cover 30 cities across 18 states & 1 UT

  • Entertainment

    UNDP Goodwill Ambassador and ‘Game of Thrones’ star Nikolaj Coster-Waldau highlights Odisha’s mangrove restoration story in global documentary series

    House of McDowell’s Soda Yaari Jam, India’s Biggest Branded Live IP, Touches down in Kolkata

    “Virgin Boys” – A Bold Telugu Youth Drama Captures Hearts Across Theatres

    A New Era in Luxury Weddings – Vogue Wedding Atelier Debuts in India

    GenS Life and Dowith Lit Present ‘Senior Spotlight’: Bengaluru’s Open Mic Celebration for the 55+

    PMJ Jewels Launches PMJ SuperStar Bracelet and ‘Celebrating Daughters’ Campaign

  • Lifestyle
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    Best Double Door Refrigerators to Buy This Baisakhi 2026.

    Daily Essentials to Global Travel: Choose a Credit Card That Works for You.

    Herbalife to Expand Its Personalized Nutritional Supplement Capabilities Through Planned Acquisition of Bioniq .

    MTR Karunadu Swada – Ugadi Special Edition Brings Karnataka’s Culinary Heritage Alive.

    Zydus Launches Semaglutide Injection in an Innovative, Reusable Multi-Dose Pen Device in India

    Labels Were Never Her Size – Campus Activewear Celebrates Zeenat Aman This Women’s Day.

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$408 Million ADB Financing Package to Aid Marawi Rebuilding

by FWM
December 14, 2018
in World
0

ADB's assistance will help in the rebuilding and rehabilitation of the southern Philippine city of Marawi and help residents regain their livelihoods.

MANILA, PHILIPPINES (14 December 2018) — The Asian Development Bank (ADB) approved today a $408 million financing package to assist the government in rebuilding and rehabilitating the southern Philippine city of Marawi and help residents regain their livelihoods.

The Emergency Assistance for Reconstruction and Recovery of Marawi package includes a $300 million quick disbursing loan to finance selected programs, projects, and activities under the government’s Bangon Marawi Comprehensive Rehabilitation and Recovery Program covering local governance and peacebuilding, housing and settlement, business and livelihood, and social services.

A second loan of $100 million will finance the reconstruction and rehabilitation by the Department of Public Works and Highways of damaged infrastructure in the city, including about 25 kilometers of roads and 1,700 meters of bridges and viaducts. The infrastructure will be built back better, climate resilient, and will incorporate gender-responsive and inclusive physical design features to enable safe use by women, children, elderly, and people with disabilities.

Many internally displaced people (IDPs) are slowly returning to Marawi and surrounding municipalities after the five-month siege in 2017. The delivery of basic utilities, social  services, and educational resources for children of IDPs have yet to catch up with the needs of residents.

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ADB Vice-President Mr. Stephen Groff led a team of ADB staff on a visit to Marawi City in November 2018 to meet with local officials, residents of a transitional shelter, and students at a temporary school, and to see firsthand the damage in the city center.

“In my interaction with residents of Marawi, they expressed their desire for a better future for their children. We hope that through this new ADB loan and grants package, we can help transform Marawi into a thriving economic center in southern Philippines, where people live in peace and prosperity,” Mr. Groff said.

In addition to the loans, ADB will provide $8 million in grants to restore and rehabilitate water supply systems in 19 barangays (villages). A portion of the grants will also construct local health units with facilities that meet or exceed national standards, procure mobile medical clinics, scale up emergency employment programs and livelihood programs, and deliver primary education in IDP communities.

“With the government’s recovery plan in place, it’s essential that we quickly implement and roll out the programs. It’s important to focus on helping young Maranaos regain a sense of normalcy in a safe learning environment, which they are longing for,” said ADB Country Director for the Philippines Mr. Kelly Bird. “A key component of our grants assistance will equip temporary learning places with better equipment and resources. We will also provide them with culturally sensitive psycho-social support and peace education.”

Mr. Bird said the mobile health facilities will be deployed to areas where IDPs reside to ensure easy access to primary care.

The financing package follows the technical and advisory support ADB delivered to the government, including the post-conflict damage and needs assessment completed by the Task Force Bangon Marawi, the Office of Civil Defense, the National Economic and Development Authority, and other development partners in December 2017.

ADB’s support to Marawi’s rebuilding is aligned with its new Country Partnership Strategy, under which up to $1 billion in development assistance is set to be prepared from 2018 to 2021 to address poverty and income inequality in Mindanao.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 67 members—48 from the region. In 2017, ADB operations totaled $32.2 billion, including $11.9 billion in cofinancing.

Tags: Asian Development Bank (ADB)internally displaced people (IDPs)

FWM

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