ADB approves $200 Mn emergency assistance for Sri Lanka's post-Ditwah recovery
Sri Lanka, July 1 -- The Asian Development Bank (ADB) has approved a $200 million emergency assistance package for Sri Lanka's recovery and reconstruction following Cyclone Ditwah.
The package comprises a $100 million regular loan and a $100 million concessional loan from ADB's ordinary capital resources, and a $500,000 technical assistance grant to help strengthen project implementation, readiness, and quality assurance.
The Post-Cyclone Ditwah Reconstruction and Livelihood Support Project will finance priority investments to rehabilitate damaged road and irrigation infrastructure, restore the livelihoods of affected smallholder farmers, and support the reconstruction of severely damaged or destroyed houses. The project applies build-b...
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