The International Information Center for Structural Engineers

Thursday, 21 November 2013 15:09

$500 Million for Typhoon Rebuilding

World Bank Group is providing the Filipino government with a $500 million emergency loan to help rebuild the devastated country. They will also provide a cash transfer to help clean up from the disaster and build temporary shelters. The World Bank Group has sent a technical team to the Philippines to assess the damage and determine the best path to rebuild. The team will first determine a reconstruction plan for the country, and then they will set it into place.

Additional Info

  • Date occured Monday, 18 November 2013