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$ 3 mn. For Flood Relief

Feb 19, 2011 2:26:59 PM - thesundayleader.lk

ADB Sri Lanka Portfolio Management Unit Head Ms. Candice McDeigan (left) and Treasury Secretary Dr. P. B. Jayasundera at the agreement signing.(Pix by S Lindsay)

Asian Development Bank (ADB) is providing $3 million to support emergency relief work in Sri Lanka after devastating floods earlier in the year left at least 64 people dead, forced over a million from their homes, and badly affected the country’s rice crop.
“We are saddened by the extent of damage of the serious floods and ADB will do it all it can to assist Sri Lanka in dealing with the emergency,” said ADB President Haruhiko Kuroda.
ADB’s Asia Pacific Disaster Response Fund grant will finance the essential needs of those affected by the disaster as well as helping to restore livelihoods. The fund established in 2009, provides rapid grants to ADB member countries affected by natural disasters.
“As well as working closely with the Government of Sri Lanka and our development partners to offer timely and coordinated emergency assistance to those affected, we are also assessing the longer term needs for rehabilitation and reconstruction of infrastructure,’’ said ADB’s Country Director for Sri Lanka Richard Vokes.
The floods this month and in the last (February and January) which followed a prolonged period of torrential rains are thought to have affected almost 5% of the20 million population.
The worst affected areas were the Eastern, Northern and North Central provinces where many displaced people have just returned to rebuild their lives following the country’s civil war cessation.
Manila based ADB is dedicated to reducing poverty in Asia and the Pacific through inclusive economic and environmentally sustainable growth and regional integration. Established in 1966, it is owned by 67 members – 48 from the region.