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World Bank mobilizing $1 Billion for Philippines Disaster Recovery

OTHER NEWS AFFECTING PROJECTS & PM 

18 November 2013 – Washington, DC, USA and Manila, The Philippines – The World Bank Group has announced that it is mobilizing US$500 million in financing and deploying global disaster experts to support the Philippines’ efforts to recover and rebuild from the devastation caused by Typhoon Haiyan (Yolanda).

“In the aftermath of the typhoon, we have seen courageous efforts by the people of the Philippines to get back on their feet,” said World Bank Group President Jim Yong Kim. “We are committed to supporting the government in its effort to recover and rebuild, and to help Filipinos strengthen their resilience against increasingly frequent extreme weather events.”

Typhoon  Ondoy leaves most of the street of metropolis flooded, this is the sccene in Rosario Pasig City, most of the residents here have their houses evacuated due to the flood. According to PAG-ASA more rains are expected to come as typhoon Ondoy exit the country. The storm leaves 53 deads,  Classes is also suspended in Metro Manila and Rizal today.Photo by:NONIE REYESIn response to a government request, an emergency loan of US$500 million is being finalized to support reconstruction. The World Bank Group is ready to provide additional support, including through a conditional cash transfer program that provides funds to poor families. Resources could also be directed to providing temporary shelters and to help with debris clean up, providing short-term jobs to poor families.

An additional US$480 million is financial assistance for the National Community Driven Development Project (NCDDP), which can be used for emergency response. The project could immediately support typhoon affected communities rebuild community-level or livelihood related infrastructure such as water, rural roads, schools and clinics, using retroactive financing. The project will empower communities themselves to lead the reconstruction effort, by offering a transparent way for people to identify their own needs.  This project will scale up the successful Kapit-Bisig Laban sa Kahirapan-Comprehensive Integrated Delivery of Social Services (KALAHI-CIDSS) program.

The Bank Group is working closely and coordinating with the international development community in the Philippines, and with lead government agencies and departments—including the Department of Finance, Office of Civil Defense, Department of Social Welfare and Development, Department of Science and Technology, Department of Public Works and Highways and the National Economic and Development Authority.

Members of a technical team from the Bank are now arriving in the Philippines to help the government assess the damage and gather information for a comprehensive reconstruction plan.

“Given the scale of this disaster, the country will need a long-term reconstruction plan. We can bring lessons learned from our work in reconstruction after disasters hit Aceh, Haiti, and other areas that might be helpful in the Philippines,” said Axel van Trotsenburg, World Bank Vice President for East Asia Pacific. “Remote sensing images are being obtained for use by the assessment team in geo-mapping activities to help determine the cost of the destruction.”

The Bank is also providing technical assistance on disaster resistant design options for housing, health facilities, schools, and public markets that can withstand 250-280 kilometer per hour wind speed, and resist severe flooding.

“In the midst of this terrible tragedy, the Government is determined to build more resilience into homes, buildings and roads to reduce risks in the future, which is critical in a country that is subject to an increasing number of severe weather events,” said Mr. Motoo Konishi, World Bank Philippines Country Director.

In addition, the IFC is working with its client banks and financial institutions in the typhoon affected areas to ensure risk share facilities and advisory services are extended to private sector banks in order to help small and medium enterprises recover.

“IFC is in discussions with international banks, rural banks, and microfinance institutions to develop specific programs to help the private sector recover from the devastation,” said Jesse Ang, Resident Representative of the IFC, the Bank Group’s private sector arm.

Typhoon Haiyan hit the Philippines on November 8, creating massive destruction in several islands in Visayas and Palawan in central Philippines, killing thousands of people and destroying homes and infrastructure along its path.

The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Since 1947, the World Bank has provided financing for more than 11,000 projects in over 100 countries.  For more information, please visit www.worldbank.org. To learn more about World Bank projects, visit http://web.worldbank.org/WBSITE/EXTERNAL/PROJECTS/0,,contentMDK:21790401~menuPK:5119395~pagePK:41367~piPK:51533~theSitePK:40941,00.html

For information about World Bank projects in The Philippines, go to http://www.worldbank.org/en/country/philippines

Source: The World Bank