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ADB provides $1.5 billion to India to deal with Covid-19 Top Searches ADB provides $1.5 billion to India to deal with Covid-19 PTI / Updated: Apr 27, 2021, 22:10 IST FacebookTwitterLinkedinEMail (Representative image) NEW DELHI: The Asian Development Bank (ADB) on Tuesday said it has provided $1.5 billion to India to deal with the Covid-19 pandemic. The institution had announced a package of $20 billion in April 2020 to provide financial support to 26 countries to help fight the pandemic, it s...

Richer nations in Asia-Pacific may recover faster than poorer counterparts post pandemic: Report SECTIONS Last Updated: Apr 25, 2021, 05:09 PM IST Share Synopsis "A K-shaped global economic recovery...appears plausible. Most countries will take years to attain pre-pandemic income levels," said a joint report Responding to the COVID-19 Pandemic: Leaving no Country Behind by the ADB, UNDP and the UNESCAP. Getty Images The report has suggested the countries in the region to design policies that en...

(Last Updated On: April 20, 2021) The Asian Development Bank (ADB) on Tuesday approved a $50 million grant to help the Afghan government procure and deploy safe, high-quality COVID-19 vaccines, and strengthen the country’s capacity to implement its vaccine program. The ADB said in a statement that the project will support the National Plan for COVID-19 Vaccination in Afghanistan by procuring and transporting six million doses of COVID-19 vaccines for priority segments of the pop...

Loan will help enhance transport connectivity, road maintenance

Green Investments, Revenue Mobilization, Big Data Key to Southeast Asia’s COVID-19 Economic Recovery News Release | 17 March 2021 MANILA, PHILIPPINES (17 March 2021) — Southeast Asian countries can benefit from investments in green infrastructure, digital transformation, big data, and revenue mobilization through tax reform as the region recovers from the coronavirus disease (COVID-19) pandemic, said Asian Development Bank (ADB) President Masatsugu Asakawa at the second Southeast Asia Deve...

ADB Ventures Announces its First Investments News Release | 17 March 2021 MANILA, PHILIPPINES (17 March 2021) — The Asian Development Bank’s (ADB) new venture arm, ADB Ventures, has announced its first investments. ADB Ventures invests in early-stage technology companies globally that address urgent development challenges in emerging Asia and the Pacific. Euler Motors Pvt. Ltd., based in India, is an electric vehicle manufacturer and fleet operator focused on last-mile commercial logistics...

New focus on SDGs needed to rebuild after COVID-19: ADB ANI | Updated: Mar 15, 2021 13:37 IST Manila [Philippines], March 15 (ANI): A renewed focus on achieving Sustainable Development Goals (SDGs) will be essential as countries seek to rebuild from the COVID-19 pandemic, according to a new report by Asian Development Bank (ADB) released on Monday. "Achieving SDGs will require vast sums of finance to be mobilised from the widest range of sources in support...

The Philippines received a total of $900 million in loan commitments from the World Bank and the Asian Development Bank (ADB) for the purchase of Covid-19 vaccines and to help its pandemic-hit economy recover, the lenders have announced.

ADB Signs $65 Million Loan to Sustain Fiji Airways’ Services in the Pacific News Release | 12 March 2021 MANILA, PHILIPPINES (12 March 2021) — The Asian Development Bank (ADB) has signed a $65 million COVID-19 Liquidity Support Facility for Fiji’s Air Pacific Limited, which operates as Fiji Airways and (through its wholly-owned subsidiary) Fiji Link, to help fund the company through the international travel downturn caused by the coronavirus disease (COVID-19) pandemic and to support its ...

The Philippines today became the first recipient of financing support under ADB's Asia Pacific Vaccine Access Facility with approval of a $400 million loan that will help the country purchase safe and effective vaccines against COVID-19.