Asian Development Bank (ADB) has committed $600 million to support Bangladesh in facing challenges presented by the coronavirus outbreak.
The Manila-based development lender has said this in a press release published on its website last night following a telephone call between Finance Minister AHM Mustafa Kamal and ADB President Masatsugu Asakawa.
“As a trusted and long-standing development partner, ADB is committed to supporting Bangladesh as it addresses the significant challenges presented by COVID-19,” the release quotes Masatsugu Asakawa as saying. “We are working hard to respond to the government’s request of $600 million for emergency assistance to help it effectively implement its response measures,” the ADB president added.
ADB has a strong track record of responding rapidly to provide targeted support to Bangladesh in times of emergencies, the release says adding that in response to the pandemic, ADB has already provided immediate support, including a $350,000 emergency grant for procurement of medical supplies and equipment, and $1.3 million from an existing project to provide one-time cash support to 22,619 trainees to enable them to continue their ongoing skills training program.
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