The Asian Development Bank (ADB) has provided a $1.5 billion loan to India to fund India’s immediate response to the Covid-19 pandemic.
Earlier, the Asian Development Bank (ADB) had assured Indian government of $2.2 billion (about Rs 16,500 crore) support to fight against the Covid-19 pandemic.
With the help if these loan Indian Central government focus on immediate priorities such as:
• Covid-19 containment and prevention.
• Social protection for the poor and economically vulnerable sections of the society.
The loan has been provided under ADB’s Covid-19 Active Response and Expenditure Support (CARES) Program. The CARES Program is funded through the Covid-19 Pandemic Response Option. CPRO was introduced as part of a $20 billion package approved by ADB on 13 April, 2020 to assist its developing member countries in their fight against Covid-19.
The CARES Program will be implemented through a country engagement
framework focused on policy dialogue and monitoring of the government’s
Asian Development Bank
ADB is a regional development bank established on 19 December 1966. ADB now has 68 members, 49 from within Asia.Japan holds the largest proportion of shares in ADB followed by the USA.It aims to promote social and economic development in Asia. ADB is headquartered in Manila, Philippines
Earlier, the Asian Development Bank (ADB) had assured Indian government of $2.2 billion (about Rs 16,500 crore) support to fight against the Covid-19 pandemic.
With the help if these loan Indian Central government focus on immediate priorities such as:
• Covid-19 containment and prevention.
• Social protection for the poor and economically vulnerable sections of the society.
The loan has been provided under ADB’s Covid-19 Active Response and Expenditure Support (CARES) Program. The CARES Program is funded through the Covid-19 Pandemic Response Option. CPRO was introduced as part of a $20 billion package approved by ADB on 13 April, 2020 to assist its developing member countries in their fight against Covid-19.
The CARES Program will be implemented through a country engagement
framework focused on policy dialogue and monitoring of the government’s
Asian Development Bank
ADB is a regional development bank established on 19 December 1966. ADB now has 68 members, 49 from within Asia.Japan holds the largest proportion of shares in ADB followed by the USA.It aims to promote social and economic development in Asia. ADB is headquartered in Manila, Philippines
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