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Article: ADB extends up to $325 million in immediate assistance to tsunami-hit countries; More assistance to follow for reconstruction work.
- Article from:
- M2 Presswire
- Article date:
- December 31, 2004
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M2 PRESSWIRE-31 December 2004-ASIAN DEVELOPMENT BANK: ADB extends up to $325 million in immediate assistance to tsunami-hit countries; More assistance to follow for reconstruction work(C)1994-2004 M2 COMMUNICATIONS LTD
RDATE:12312004
MANILA, PHILIPPINES - The Asian Development Bank today announced that up to $325 million will be made immediately available in response to requests from Indonesia, Sri Lanka and Maldives to help finance priority reconstruction and rehabilitation work following the tsunami disaster on Sunday.
An estimated $175 million of these funds can be quickly reprogrammed from existing operations in the three countries, while ...