ADB approves $41 million for Pacific Disaster Resilience Program

The Asian Development Bank (ADB) on Friday said it has approved $41 million in contingent disaster financing to help the Cook Islands, Marshall Islands, the Federated States of Micronesia (FSM), Tuvalu, and Vanuatu.

The ADB said all five countries have made significant progress in strengthening their capacity to manage and reduce disaster risks, prepare for and respond to disasters triggered by natural hazards, and respond to health emergencies, which builds upon the previous phases of the program.