The Asian Development Bank and the government of Bangladesh on Tuesday signed an agreement for $3 million in grant for procuring urgent medical supplies including vaccine for COVID-19.
Japan is financing the grant assistance sourced from the ADB-administered Asia Pacific Disaster Response Fund.
Fatima Yasmin, secretary, Economic Relations Division, and Manmohan Parkash, country director, ADB, virtually signed the grant agreement on behalf of Bangladesh and ADB, respectively.
‘We are pleased to provide this grant assistance that can be used to procure COVID-19 vaccine, which is under development, and the government is trying to source it at the earliest for the people of Bangladesh,’ said Manmohan Parkash.
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.
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