ADB pledges $60M for Indonesia's quake-hit regions

The Asian Development Bank is ready to issue $60 million in grant and loans to finance the rebuilding program in Indonesia’s Yogyakarta and Central Java provinces, where over 5,400 people have died due to a powerful earthquake. “We will help Indonesia with whatever it takes and provide more resources to help the people rebuild their lives and livelihoods,” ADB President Haruhiko Kuroda told Indonesian President Susilo Bambang Yudhoyono during a visit to the country. Kuroda said “ADB will work closely with the Indonesian government and development agencies in assessing the damage and loss wrought by the earthquake and the rebuilding needs, then help in implementing a rehabilitation and reconstruction program.” He commended the actions of Yudhoyono in the wake of the tragedy, who took temporary office in Yogyakarta palace to oversee the disaster response program for the affected areas.

Source: ADB offers $60m in grant and loans to quake-ravaged regions (AP)

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