In the days immediately following the Tsunami disaster, the World Bank and the Asian Development Bank had offered their sympathetic concern and offer of assistance to the government of India in its efforts to deal with the crisis and to rebuild the lives of thousands affected by the disaster. Initial government estimates put the loss of life in excess of 10,000 and the loss of property at about US$1.5 billion.

The World Bank and the Asian Development Bank announced Tuesday that they have received a request from the government of India to consider providing assistance for undertaking the work of rebuilding infrastructure, both public and private, and for rehabilitation of livelihoods of those affected, and assistance in developing disaster prevention and management systems for the future.

The World Bank and the Asian Development Bank will now work with the government of India to organize a needs assessment, and on that basis develop a program of support for reconstruction and recovery.

"It is truly impressive to see the way India has responded in providing basic necessities to the affected people. Our first priority is to ascertain the extent of damage and then work together with the government on a program of reconstruction and rehabilitation to help affected people rebuild their lives" say Michael Carter, Country Director, India, World Bank.

Louis de Jonghe, Country Director, Asian Development Bank, joined the World Bank in praising India's initial response to this tragedy, and said "ADB stands ready to contribute to the rebuilding of infrastructure and rehabilitation of livelihoods of people in the affected States of India."

(China.org.cn January 12, 2005)