ADB approves $3m grant for Bangladesh | The Daily Star
12:00 AM, August 07, 2020 / LAST MODIFIED: 12:00 AM, August 07, 2020

ADB approves $3m grant for Bangladesh

Asian Development Bank (ADB) has approved additional USD 3 million in grant assistance for procuring medical supplies for emergency response to Covid-19 in Bangladesh.

The Japanese government is financing the grant assistance, sourced from ADB-administered Asia Pacific Disaster Response Fund, according to a press release.

"The assistance will help alleviate the government's urgent financial, logistical, and other constraints to meet immediate needs and deliver appropriate medical services," said ADB Country Director Manmohan Parkash.

"The grant will finance the procurement of essential medicines, medical equipment and infection control supplies required for Covid-19 emergency response."

The new assistance builds on ADB's previous support of around USD 603 million in loans and grants to contain and mitigate Covid-19 in Bangladesh.

On May 7, ADB approved a USD 500 million loan to bolster Bangladesh government's efforts to manage the economic and healthcare impacts of the crisis.

On April 30, ADB approved a USD 100 million concessional emergency loan for addressing the immediate public health requirements for combating Covid-19.

ADB also released a USD 350,000 emergency grant for procurement of medical supplies and equipment, and USD 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 programme.

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