Philippines, Nov. 10 -- The Asian Development Bank (ADB) has released $6 million in contingent disaster financing to assist the Republic of the Marshall Islands (RMI) in responding to the impacts of El Niño-related hazards and a dengue fever outbreak.The financing is provided through the fifth phase of the regional Pacific Disaster Resilience Program, approved in June 2024. Phase 5 is financed with a $20 million concessional loan from ADB and a $21 million grant from the Asian Development Fund, which supports countries most in need to meet today's challenges while building the foundations for lasting growth. The Government of the Marshall Islands declared a state of disaster for El Niño and dengue fever on 8 October. Hazardous winds and swe...