Typhoon Haiyan (Yolanda) Project (ADB-47333-001)

Countries
  • Philippines
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Canceled
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Nov 13, 2013
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of the Philippines, Department of Finance
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 3.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 4, 2017

Disclosed by Bank Mar 31, 2016


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Project Description
According to ADB website, the project provides $3 million grant under the Asia Pacific Disaster Response Fund (APDRF) as emergency assistance to the Philippine Government in response to its appeal to the international community to provide humanitarian relief assistance, in the aftermath caused by a Category 5 Typhoon Haiyan (locally named Yolanda) that made its first landfall in Guiuan municipality in Eastern Samar province on 8 November 2013, and further moved and made subsequent landfalls over Toloso municipality south of Tacloban City in Leyte province, Daanbantayan and Bantayan Island in Cebu province, Concepcion in Iloilo province, the Calamian Group of Islands, and Busuanga in Palawan. Haiyan is the third Category 5 "super typhoon" to hit the Philippines since 2010, and possibly the strongest to ever hit land. United Nations Disaster Assessment and Coordination (UNDAC) team described the scale of destruction in Tacloban alone as comparable to the impact of the 2004 Indian Ocean Tsunami.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Teoh, Su Chin Southeast Asia Department No contact information provided at the time of disclosure. ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main