The Asian Development Bank (ADB) today further approved a $2 million grant for Pakistan to fight with coronavirus (COVID-19) pandemic in the country.
As per a press release by ADB, the grant will help the immediate purchase of emergency medical supplies, personal protective equipment, diagnostic and laboratory supplies, and other medical equipment.
This $2.5 million in approved funding represents ADB’s immediate response for Pakistan, with further support to follow, an ADB press release said.
“Asian Development Bank recognizes the extraordinary burden of this pandemic on Pakistan and is committed to supporting Pakistan in the fight to control COVID-19”, said ADB Country Director for Pakistan Xiaohong Yang.
“This grant will help strengthen COVID-19 detection, improve infection prevention and control, and boost Pakistan’s capacity to respond to the pandemic.”
On March 18th, ADB announced an initial package of approximately $50 million for Pakistan in an effort to fight and repel off the deadly coronavirus pandemic.
The statement added that the ADB was committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members 49 from the region.
DB released a study “COVID-19 Outbreak to have Significant Economic Impact on Developing Asia” on March 6, where it mentioned several scenarios such as best case, moderate case, worse-case and the hypothetical worst-case to assess the impact of COVID-19 on various developing countries in Asia.
Your email address will not be published. Required fields are marked *