2 bn in added funding. A top meeting of donors opened in Manila today to review the progress of tsunami reconstruction, amidst reports that India, Maldives and Sri Lanka still need US$ 1.2 bn in added funding.
Bloomberg reports citing the Asian Development Bank at the top meeting, say the funding gap is the difference between an estimated US$ 2.
5 bn needed for reconstruction and the total pledges received.
Sri Lanka, where 39,000 people died due to the Asian tsunami, is said to have the biggest funding gap at US$ 568.9 mn, followed by India at US$ 412 mn more and the Maldives at US$ 219.
The ADB is hosting the top level meeting on Rehabilitation and Reconstruction Assistance to Tsunami-Affected Countries, at its Manila headquarters.
ADB President Haruhiko Kuroda said "As the recovery effort now moves from initial relief to rehabilitation and reconstruction, it is essential to keep the world's attention focused on continued support and ensure that donor confidence in our efforts remains high.