ADB supports disaster risk management, financial inclusion in Thailand
A $2 million grant is being provided for the Community-Based Flood Risk Management and Disaster Response Project in the Chao Phraya Basin, while a $1.5 million grant is extended for a technical assistance project to help specialized financial institutions provide financial services to unbanked people.
Both grants are provided by the Japan Fund for Poverty Reduction and will be administered by ADB.
Officials from the Ministry of Finance, the Embassy of Japan and ADB’s Thailand Resident Mission held a ceremony at the Ministry of Finance in Bangkok, signaling the start of operations for the projects.
Five rural and urban communities in the Chao Phraya Basin will be selected to pilot the risk management project, which will enhance their preparations for future floods and improve coordination with local authorities when disaster strikes.
Comprehensive training and capacity building support will be provided. The project will run for almost 2 years, from January 2016 to December 2017. ■