Asian Development Bank approves $24 million disaster financing
Posted On: Oct. 3, 2019 6:08 AM CSTPhilippines-based Asian Development Bank has approved catastrophe-triggered contingent disaster financing of $24 million for the Federated States of Micronesia, the Marshall Islands, the Solomon Islands and Tonga, Artemis reports. The financing forms a part of the second phase of the Pacific Disaster Resilience Program, and will help strengthen and boost disaster resilience efforts for the Pacific islands.