GoP-ADB signs coronavirus grant worth $2million

By Staff Reporter
Wednesday – November 4, 2020
ISLAMABAD: The government of Pakistan (GoP) and the Asian Development Bank (ADB) signed a two million dollars grant, Tuesday, for the COVID-19 (coronavirus) emergency response.

According to a press release, the COVID-19 emergency response grant agreement was signed by the economic affairs (EA) ministry secretary Noor Ahmed and ADB country director (CD) Xiaohong Yang.

The COVID-19 emergency response grant proceeds, made available from ADB’s Asia Pacific Disaster Respond Fund (APDRF), will be used to build resilience and capacity of front-line health workers in the fight against the coronavirus pandemic by providing personal protective and waste management (bio safety) equipment to front-line health workers; testing kits and diagnostic reagents; air purifying respirators; laboratory and general medical supplies.

The EA secretary Ahmed appreciated ADB for a remarkable role in supporting the GoP’s targeted efforts towards mitigating the socio-economic impact of COVID-19 by providing an emergency assistance loan of $300 million in the first phase, and an emergency response grant of two million dollars for building the capacity and resilience of the health sector in the second phase of the coronavirus pandemic.

The ADB CD Yang reaffirmed ADB’s support for incumbent regime’s development vision and people-centric growth policies, especially in light of the growing uncertainties in a post COVID-19 scenario.

She also reiterated ADB’s strong commitment to further strengthen and expand its long-standing partnership with Pakistan.