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ADB approves $2m for Pakistan to fight COVID-19

by Pakistan Latest News Update



ISLAMABAD: The Asian Growth Financial institution on Monday authorised a $2 million grant to assist Pakistan’s efforts to fight the coronavirus (COVID-19) pandemic within the nation.

The grant, financed from the Asia Pacific Catastrophe Response Fund, will assist fund the fast buy of emergency medical provides, private protecting tools, diagnostic and laboratory provides, and different tools.

“ADB recognizes the extraordinary burden of this pandemic on Pakistan and is committed to supporting Pakistan in the fight to control COVID-19”, stated ADB Nation Director for Pakistan Xiaohong Yang.

“This grant will help strengthen COVID-19 detection, improve infection prevention and control, and boost Pakistan’s capacity to respond to the pandemic.”

ADB’s help echoes the World Well being Organisation’s (WHO) Strategic Preparedness and Response Plan for COVID-19 and Pakistan’s Nationwide Motion Plan for Coronavirus Illness (COVID-19), which incorporates preventive measures, containment efforts, and remedy of contaminated individuals. Given the urgency of the required assist, ADB will use probably the most versatile and expeditious approaches to facilitate procurement of the required medical provides and tools.

Final week, Pakistan determined to hunt $3.7 billion further financing from three multilateral collectors together with one other mortgage of $1.four billion from the Worldwide Financial Fund (IMF) to deal with the challenges being posed by the novel coronavirus outbreak.

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