India, Dec. 1 -- MANILA - The Asian Development Bank (ADB) has approved a $30 million grant to help strengthen disaster risk management in Tajikistan and reduce economic losses due to climate change and disasters caused by natural hazards.

"Tajikistan is highly vulnerable to climate change with more than 400 climate-induced incidents per year, such as floods, avalanches, and others, which severely affect people and the economy," said ADB Director General for Central and West Asia Yevgeniy Zhukov. "ADB's grant will enhance the country's preparedness for disasters and ability to respond-while strengthening its overall resilience to climate change."

The project supplements an ongoing $10 million grant approved by the bank in 2018 to suppor...