MANILA, Nov. 7 (Xinhua) -- The Asian Development Bank (ADB) said on Friday that it has approved a 32-million-U.S.-dollar financing package to help Mongolia strengthen disaster preparedness by modernizing the country's early warning systems.
The package includes an 18-million-dollar loan from the ADB's concessional ordinary capital resources, a 12-million-dollar loan from its ordinary capital resources, and a 2-million-dollar grant from the ADB-administered Asian Development Fund.
The project will enhance Mongolia's capacity to respond to major hazards such as floods, storms, wildfires, earthquakes, and dzud -- a severe winter condition that can cause mass livestock deaths, the ADB said in a press release.
"This project will modernize and integrate Mongolia's disaster early warning systems, improve how risk information is shared, and strengthen preparedness capacity," said ADB Country Director for Mongolia Shannon Cowlin.
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