Manila, Dec 5, 2006 AEST (ABN Newswire) - The Government of Finland has made another contribution of EURO5.5 million to ADB's Pakistan Earthquake Fund (PEF), bringing its total contribution to EURO10 million.
The PEF was established in November 2005 to pool and promptly deliver emergency grant financing for projects that support immediate reconstruction, urgent rehabilitation, and other associated development activities in earthquake-affected areas in the country. ADB made an initial contribution of US$80 million, and Finland made its first contribution of EURO4.5 million in January 2006.
"We welcome the new grant, which will support ongoing reconstruction efforts in Pakistan's earthquake-affected areas," says Werner Liepach, Principal Director of ADB's Office of Cofinancing Operations.
The Government of Australia had earlier contributed A$20 million to the fund.
ADB has pledged a total of $1 billion in concessional support for the rehabilitation and reconstruction of earthquake-hit Pakistan.
Contact
Graham Dwyer
Email: gdwyer@adb.org
Tel:+632 632 5253; Mobile: +63 920 938-6487
| ||
|
