ADB approves $3m grant for Bangladesh

Staff Correspondent | Published: 18:26, Aug 06,2020


The Asian Development Bank has approved an additional $3 million in grant assistance for procuring urgently needed medical supplies for emergency response to COVID-19 epidemic in Bangladesh.

Japan is financing the grant assistance sourced from the ADB-administered Asia Pacific Disaster Response Fund.

‘The assistance will help alleviate the government’s urgent financial, logistical, and other constraints to meet immediate needs and deliver appropriate medical services,’ said country director Manmohan Parkash.

The new assistance builds on ADB’s previous support of around $603 million in loans and grants to contain and mitigate the COVID-19 epidemic in Bangladesh. ADB on May 7 approved $500 million loan to bolster the efforts of the Government of Bangladesh to manage the impact of the COVID-19 epidemic on the country’s economy and the public health. On April 30, ADB approved a $100 million concessional emergency loan to support Bangladesh’s efforts to address the immediate public health requirements of combatting the epidemic.

ADB also released a $350,000 emergency grant for the procurement of medical supplies and equipment, and $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 program.

In addition, $231,178 in grant was provided to augment COVID-19 related facilities in 134 urban primary healthcare centers, also called Ngar Swastha Kendra, across the country.

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