$12.8m additional loan for conflict-affected areas

The Asian Development Bank (ADB) is providing additional financial assistance for the rehabilitation of conflict-affected areas in the Northern Province, particularly to assist the return and resettlement of Internally Displaced Persons (IDPs).

The ADB will provide a $12.8-million loan from its concessional Asian Development Fund (ADF) for the ongoing North East Community Restoration and Development (NECORD) Project II.

NECORD II was initially funded in 2005 with a $26 million concessional ADF loan and $14 million ADF grant and $5.9 million grant from the Swedish Government, plus $9.1 million from the Government.

More recently, AusAID provided a grant of $7.3 million to assist returning IDPs to restart their livelihood.