The tsunami and earthquake that struck the Indian Ocean basin on 26 December 2004 was one of the worst disasters in recent memory, killing more than 225,000 people in 11 countries.
ADB responded to the crisis by launching the largest grant program in its history. As of 30 June 2007, ADB's total approved assistance and cofinanced funds for tsunami-affected countries stood at US$892.035 million. Of this, $725.14 million, or 81%, is grant funding.
Much of the grant funding came from the $600 million Asian Tsunami Fund (ATF), which ADB established soon after the disaster. ADB also identified $175 million to be redirected from ongoing projects to tsunami assistance. See Timeline.
More than three years after the Indian Ocean tsunami, substantial progress has been made in the most badly affected regions yet enormous work still lies ahead to help these communities fully recover from the unprecedented disaster.
The table shows a summary of ADB assistance (US$ million including cofinancing) to the five countries most affected by the tsunami:
- Asian Development Bank
- © Asian Development Bank