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    HAL and Safran Aircraft Engines Sign Long-Term Contract for CFM LEAP Engine Turbine Forgings at Farnborough International Airshow.

    Direct Recruitment for the Posts of Branch Officer in Karnataka State Legal Services Authority: Online Application Invitation

    Sindhu Mahakumbh in Ladakh Celebrates India’s Civilisational Heritage and National Unity.

    Indian Marine Ingredients Association (IMIA) Working Towards Sustainable Fisheries for a Better Tomorrow.

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    Coming Soon: A New AI-Powered Health Companion on Your Wrist

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    HAL and Safran Aircraft Engines Sign Long-Term Contract for CFM LEAP Engine Turbine Forgings at Farnborough International Airshow.

    United Arab Emirates: TotalEnergies Announces Final Investment Decision for the Umm Shaif Gas Cap Development.

    Indian Marine Ingredients Association (IMIA) Working Towards Sustainable Fisheries for a Better Tomorrow.

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    Dr. Agarwals Eye Hospital Supports West Division Police with Vision Protection Initiative.

    First Direct Express Train Between Ramnagar and Dehradun to Improve Connectivity Between Kumaon and Garhwal Regions of Uttarakhand

    Karnataka Government allows Bengaluru hotels, restaurants to stay open till 3.30 am for FIFA World Cup

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    BlueRose Technologies Launch Worlds First Ever Digital Heirloom – LifeTree.

    Katrina Kaif Is Back as Bonn’s Face – How the Brand Is Turning Her Star Power Into Lasting Brand Equity

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    HAL and Safran Aircraft Engines Sign Long-Term Contract for CFM LEAP Engine Turbine Forgings at Farnborough International Airshow.

    Samsung Biologics announces all-cash offer to acquire PolyPeptide, accelerating multi-modality strategy and expanding global network across U.S., Europe, and India.

    C.Ramkumar , the Consulate General of India in Fukuoka, Japan, met Chief Minister D.K. Shivakumar at the Vidhana Soudha on Monday and held discussions.

    Emergent Raises Series C at $1.5 Billion Valuation, Becomes Unicorn in a Year of Launch.

    Novo Nordisk receives European Commission approval of Wegovy® pill as first oral GLP-1 for weight management in the EU; single, ready-to-use pen for higher dose 7.2 mg also approved.

    Uber Announces Acquisition Offer for Delivery Hero

  • National
    • All
    • Economy & Politics
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    HAL and Safran Aircraft Engines Sign Long-Term Contract for CFM LEAP Engine Turbine Forgings at Farnborough International Airshow.

    Direct Recruitment for the Posts of Branch Officer in Karnataka State Legal Services Authority: Online Application Invitation

    Sindhu Mahakumbh in Ladakh Celebrates India’s Civilisational Heritage and National Unity.

    Indian Marine Ingredients Association (IMIA) Working Towards Sustainable Fisheries for a Better Tomorrow.

    PALLAVOTSAVAM AT TIRUMALA ON JULY 22.

    Coming Soon: A New AI-Powered Health Companion on Your Wrist

  • Business

    HAL and Safran Aircraft Engines Sign Long-Term Contract for CFM LEAP Engine Turbine Forgings at Farnborough International Airshow.

    United Arab Emirates: TotalEnergies Announces Final Investment Decision for the Umm Shaif Gas Cap Development.

    Indian Marine Ingredients Association (IMIA) Working Towards Sustainable Fisheries for a Better Tomorrow.

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    Coming Soon: A New AI-Powered Health Companion on Your Wrist

    Dr. Agarwals Eye Hospital Supports West Division Police with Vision Protection Initiative.

    Mis Skin, Bengaluru’s New Doctor-Led Dermatology and Aesthetics Chain, Unveiled at JW Marriott Across Five Bengaluru Locations.

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    Narayana Health City Performs India’s First Pulsed Field Ablation for Advanced Treatment of Atrial Fibrillation.

    WellSpan Health and Philips Announce Landmark Strategic Alliance, Accelerating Innovation and Research Across Central Pennsylvania and Northern Maryland

  • Technology
    • All
    • Environment
    • Science

    Sony Creator Essentials Worth Considering This Summer.

    HCLTech delivers robust Q1 led by record deal bookings of $2.4 billion.

    L&T Technology Services Global EI Hackathon Sparks the Next Wave of AI-Native Engineering Solutions .

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    Global demand for LNG expected to grow by 65% by 2050

  • Auto

    A New Era of Supremacy and Excitement with The New Brezza: Bookings Now Open.

    Bosch, Toyota, BMW, and Repsol launch real-world pilot of vehicles running on 100 % renewable gasoline .

    Tata Motors and UCO Bank partner to strengthen India’s commercial vehicle financing ecosystem.

    Unprecedented Performance: BMW Group India clocks highest-ever H1 sales with +17% growth.

  • Sports

    Board of Control for Cricket in India (BCCI) announces the release of Invitation to Tender for Title Sponsor Rights for BCCI Events.

    Board of Control for Cricket in India (BCCI) announces the release of Request for Quotation for Associate Partner Rights for BCCI Events.

    Harsh Dubey added to India’s ODI squad.

    Karnataka Government allows Bengaluru hotels, restaurants to stay open till 3.30 am for FIFA World Cup

  • Entertainment

    Yamaha Music India Launches EAD50 With Acclaimed Drummer Ranjit Barot As Yamaha Artist.

    Actor Dr. Rajkumar’s 97th birthday celebration on April 24th, at 10.30 am in Dr. Rajkumar Punyabhoomi premises of the Sri Kanteerava Studio .

    Doordarshan Chandana has launched an innovative farmers’ reality show named “Raitaratna” (ರೈತರತ್ನ).

    Phoenix Marketcity brings you a legendary live concert by PADMA BHUSHAN KS CHITRA.

    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

  • Lifestyle
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    • Food
    • Travel

    Dr. Agarwals Eye Hospital Supports West Division Police with Vision Protection Initiative.

    First Direct Express Train Between Ramnagar and Dehradun to Improve Connectivity Between Kumaon and Garhwal Regions of Uttarakhand

    Karnataka Government allows Bengaluru hotels, restaurants to stay open till 3.30 am for FIFA World Cup

    Mis Skin, Bengaluru’s New Doctor-Led Dermatology and Aesthetics Chain, Unveiled at JW Marriott Across Five Bengaluru Locations.

    BlueRose Technologies Launch Worlds First Ever Digital Heirloom – LifeTree.

    Katrina Kaif Is Back as Bonn’s Face – How the Brand Is Turning Her Star Power Into Lasting Brand Equity

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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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