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    Bharti Enterprises and Warburg Pincus Announce Strategic Investment in Haier India Partnership Set to Fuel Haier India’s Next Phase of Growth

    Novo Nordisk A/S: Wegovy® pill approved in the US as first oral GLP-1 for weight management

    Global MSME Conclave Should Emerge as a Collaborative Platform and Preferred Destination for Domestic and Global Investors – Union Minister Shobha Karandlaje

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  • National
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    • Economy & Politics
    • Election

    Vaikunta Ekadashi Celebrations at TTD: Special Darshan Arrangements for Devotees; Extensive Preparations for Vaikunta Dwara Darshan at Tirumala

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    Absolut Mixers Introduces ”The Blue Trail”: A Sensory Fusion of Art and Nature at Echoes of Earth 2025

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    Panchajanya Award 2025 to be Conferred on Renowned Speaker Sri Dushyanth Sridhar

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    Novo Nordisk A/S: Wegovy® pill approved in the US as first oral GLP-1 for weight management

    A special Wellness and Meditation Session by Sahaja Yoga was conducted at the Bengaluru HR Summit & HR Leaders Awards 2025.

    World AIDS Day

    WHO issues first global guideline on infertility

    The Worldwide Network for Blood and Marrow Transplantation (WBMT) is holding its Symposium on Cell Therapy in Bengaluru, India on November 21-22, 2025, at the Ramaiah Memorial Hospital.

    Sensodyne launches globally trusted Pronamel in India.

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    bp agrees to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of $10 billion

    BASF Agricultural Solutions and ADAMA partner to co-develop breakthrough Gilboa® fungicide technology

    Oracle Database@Google Cloud is Now Available in India

    Motorola launches “motorola edge 70” in India

    Department of Telecommunications Cautions Manufacturers, Importers and Resellers about Mandatory IMEI Registration and Consequences of IMEI Tampering

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    Stellantis and Cox Automotive Europe enter a strategic partnership to dramatically increase Stellantis Pre-Owned Vehicles remarketing capabilities in Europe.

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  • Sports

    India U19 squad for South Africa tour and ICC Men’s U19 World Cup announced

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    World Cup-winning Indian Blind Women’s Cricket Team visits BCCI headquarters

  • 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

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

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    Absolut Mixers Introduces ”The Blue Trail”: A Sensory Fusion of Art and Nature at Echoes of Earth 2025

    Novo Nordisk A/S: Wegovy® pill approved in the US as first oral GLP-1 for weight management

    SLOW COOKED KEBAB TO BIBIMBAP, AROMATIC BIRYANI TO TERIYAKI SALMON: AIR INDIA ELEVATES ITS INFLIGHT DINING EXPERIENCE WITH REFRESHED GLOBAL MENU

    “Bengaluru is growing so quickly as a food and hospitality hub that conversations like Saksham feel more important than ever.”-Mr. RANJAN JAIN, MD, ELANPRO.

    A Sprinting Revival: The Return of the Cheetah

    Travel is Back: AU Credit Cards Enable Seamless International Spending for Indian Travellers

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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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