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March 02, 2018

ADB, Myanmar sign $3m relief grant for disaster-hit areas

A family uses a boat to pass through Yay Tar Gyi village in Kyaunggon Township in Ayeyarwady Region on 25 August.—Photo: OCHA/C.Hyslop

The Asian Development Bank and the Government of Myanmar on Wednesday inked a US$3 million grant agreement to help communities affected by the recent flooding and landslides in the country’s 12 of 14 regions and states.
The signing ceremony of the grant agreement for Myanmar’s flood emergency response project took place in Nay Pyi Taw.
U Maung Maung Win, Permanent Secretary of the Ministry of Finance, and Mr. Winfried Wicklein, ADB’s Myanmar Country Director, signed the grant agreement in the presence of Deputy Ministers for Finance Dr Lin Aung and Dr Maung Maung Thein.
“The ADB funds are very timely as the government and its partners are still addressing the immediate needs of the crisis, while preparing a smooth transition to the recovery phase. In addition, the risk of further monsoon rains and associated damage remains,” U Maung Maung Win said.
The ADB approved the emergency grant to finance flood relief efforts in Myanmar in late August. The grant that will be issued from its Asia Pacific Disaster Response Fund will be used to meet priority needs, restore live-saving services, and support early recovery for affected communities, ADB said.
“We are also preparing to mobilise resources for the rehabilitation and reconstruction of damaged infrastructure,” Mr Wicklein said.
These efforts will support national and state and regional disaster responses based on damage and needs assessments and in close coordination with development partners, added ADB’s Myanmar country director.
According to ADB, severe flooding, landslides and wind have affected over 1.6 million people and damaged  farmlands, roads, railroads and bridges.
Based on the government’s initial assessments, sources suggested that the recent disaster claimed more than K1.6 billion (US$1.25 million) in losses across the country and called for the reconstruction of damaged infrastructure and assisting those in affected livelihoods to get back their feet.—GNLM


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