World Bank doubles funding for Philippines

25 November 2013

World Bank

World Bank

Emergency funding for the relief and reconstruction work being carried out in the Philippines following Typhoon Haiyan has been doubled as the World Bank Group pledged US$ 480 million in financial assistance.

The funding follows a US$500 million emergency loan granted by the Asian Development Bank.

The additional US$ 480 million is financial assistance for the National Community Driven Development Project (NCDDP). The project will support typhoon affected communities rebuild community-level or livelihood related infrastructure such as water supply, rural roads, schools and clinics, using retroactive financing.

The World Bank said the NCDDP would empower communities to lead the reconstruction effort, by offering a transparent way for people to identify their own needs.

World Bank Group disaster specialists are now helping the government in Manila assess damages and identify priority areas for immediate recovery and reconstruction support.


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Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]