ADB announces emergency grant worth US$2 million for flood relief in Viet Nam
VGP - The Asian Development Bank (ADB) will provide immediate grant support of up to US$2 million to Viet Nam, ADB President Masato Kanda announced Wednesday.
In Viet Nam, severe natural disasters have left 409 people dead or missing and 727 injuries
ADB will also provide immediate grant support of up to US$3 million to Sri Lanka and US$2 million to Thailand, following requests for support from the governments.
"I am deeply saddened by the suffering caused by these devastating floods," said Mr. Kanda, adding that the governments and people of Sri Lanka, Thailand, and Viet Nam can rest assured that ADB will provide assistance to help save lives and rebuild communities.
"We will work quickly and cooperatively with governments to bring shelter, comfort and hope to those affected by these terrible events", he shared.
The grants will support emergency and humanitarian efforts, and will come from the Asia Pacific Disaster Response Fund (APDRF), which provides fast-tracked grants to developing member countries for life-saving purposes in the immediate aftermath of major disasters triggered by natural hazards.
Flooding has caused extensive loss of life and damage to property and infrastructure across South and Southeast Asia.
In Viet Nam, severe natural disasters have left 409 people dead or missing and 727 injuries, with total economic losses of over VND85.099 trillion (US$3.226 billion) so far this year./.
