KATHMANDU, July 1: The Asian Development Bank (ADB) has approved a $3 million grant from its Asia Pacific Disaster Response Fund (APDRF) in a bid to support Nepal in its fight against the coronavirus (COVID-19) pandemic.
The grant, which is financed by the Government of Japan, will be used for emergency support for the improvement of quarantine facilities to effectively manage the inflow of returning migrants, especially in the Indo-Nepal border areas. It will also support the procurement of laboratory and medical equipment, medicines, and other supplies necessary for the control of COVID-19 infection.
ADB approves loan worth US $ 165 million to Nepal to procure va...
“This assistance will support the government to better manage quarantine facilities and contain the spread of the virus in the country,” a press statement issued by the ADB quoted its Country Director for Nepal Mukhtor Khamudkhanov as saying. “ADB is committed to supporting Nepal to control COVID-19 and will continue to work with the government to minimize the health and economic impacts of the pandemic in the country.”
The new assistance builds on ADB’s previous response to the spread of COVID-19 in Nepal, including a $250 million concessional loan to strengthen the country’s public health systems and mitigate the adverse economic and social impacts of the pandemic, particularly on the poor. ADB’s response also includes a $300,000 grant to purchase emergency medical supplies and equipment for health care staff and others in the frontline.
Since February, ADB’s emergency assistance grants to its developing members have helped ensure the supply of essential medicines and personal protective equipment. In April, ADB announced a $20 billion comprehensive response package to help its developing member countries address the immediate and long-term macroeconomic and health impacts of COVID-19 in the region. Visit ADB’s website to learn more about its ongoing response.
ADB is 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.
