ADB Secures Green Financing for Pakistan
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ADB Approves $2 Million Grant for Pakistan to Fight COVID-19

The Asian Development Bank (ADB) today approved another $2 million grant to support Pakistan’s efforts to combat the coronavirus (COVID-19) pandemic in the country.

The grant, financed from the Asia Pacific Disaster Response Fund, will help fund the immediate purchase of emergency medical supplies, personal protective equipment, diagnostic and laboratory supplies, and other equipment. It supplements an initial $500,000 approved by ADB on 20 March which is already being deployed to support Pakistan’s procurement of emergency supplies.

“ADB recognizes the extraordinary burden of this pandemic on Pakistan and is committed to supporting Pakistan in the fight to control COVID-19”, said ADB Country 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 assistance echoes the World Health Organization’s (WHO) Strategic Preparedness and Response Plan for COVID-19 and Pakistan’s National Action Plan for Coronavirus (COVID-19), which includes preventive measures, containment efforts, and treatment of infected persons.

Given the urgency of the required support, ADB will use the most flexible and expeditious approaches to facilitate the procurement of the required medical supplies and equipment.

On 18 March, ADB announced an initial package of approximately $6.5 billion to address the immediate needs of its developing member countries as they respond to the COVID-19 pandemic. ADB will provide further financial assistance and policy advice down the road whenever the situation warrants.

ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific while sustaining its efforts to eradicate extreme poverty.

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