Philippines, April 2 -- The Asian Development Bank (ADB) today approved the Rapid Resource Reprogramming and Deployment Option (3RDO), a new financing mechanism that enables developing member countries (DMCs) to respond rapidly in times of crises by repurposing existing ADB sovereign portfolio funds to support immediate relief and early recovery actions-without waiting for new financing to be prepared. The 3RDO addresses the most time-sensitive window: the first days after a disaster or emergency, when governments must ensure availability of essential goods and services and stabilize critical public functions.Under the 3RDO, DMCs that meet pre-agreed trigger conditions may request ADB to repurpose up to 10% of their undisbursed sovereign po...