The Asian Development Bank (ADB) has launched a $40 million emergency assistance facility under its Trade and Supply Chain Finance Program (TSCFP) to support Sri Lanka’s recovery from Cyclone Ditwah. The facility will finance essential imports such as food, medicines, and critical relief supplies, helping the country rebuild damaged infrastructure and restore livelihoods.
This emergency facility supplements the existing $200 million TSCFP capacity for Sri Lanka. To rapidly scale support, ADB partnered with longstanding risk partners Munich Re and Swiss Re, providing the additional backing required. Financing will be delivered through TSCFP’s network of six partner banks in Sri Lanka to ensure swift access to urgently needed supplies.
Cyclone Ditwah brought heavy rains and massive flooding, causing widespread damage to infrastructure, housing, and agricultural land. These disruptions have increased the need for a continuous flow of relief goods and medical supplies to affected communities. ADB’s intervention aims to maintain critical supply chains for essentials, supporting immediate relief as well as longer-term recovery and rehabilitation.
The initiative builds on ADB TSCFP’s prior emergency support, including financing for vaccine imports during the COVID-19 pandemic and trade assistance during Sri Lanka’s economic crisis, reflecting a sustained commitment to trade resilience. Backed by ADB’s AAA credit rating, TSCFP provides guarantees and loans through over 200 partner banks, facilitating trade and creating import and export opportunities across Asia and the Pacific. Since 2009, the program has supported more than $74 billion in trade, particularly in sectors promoting sustainable growth and regional integration.
ADB continues to support inclusive, resilient, and sustainable growth in the region by leveraging innovative financial tools and strategic partnerships. Founded in 1966 and owned by 69 members, including 50 from Asia and the Pacific, ADB works to transform lives, develop quality infrastructure, and safeguard the environment.
