Disaster financing

Samoa to receive $10 USD million from ADB for contingent disaster financing

Other countries that will benefit from these grants are Kiribati, Solomon Islands, and Tonga. 

According to a statement from ADB, the support comes from the fourth phase of the Pacific Disaster Resilience Programme and will provide Kiribati with an $8 million grant, Samoa with a $10 million grant, Solomon Islands with a $5 million grant and a $5 million loan, and Tonga a $10 million grant.

All four countries have made strong progress on building the resilience of their institutions, which build on the previous phases of the programme.