Source: Asia Development Bank
News Release | 30 April 2020
MANILA, PHILIPPINES (30 April 2020) — The Asian Development Bank (ADB) has provided several targeted interventions to support its developing member countries (DMCs) in combating the effects of the novel coronavirus disease (COVID-19) pandemic from its early stages. In support of ADB’s effort, the Government of Japan is committed to providing emergency support of $150 million through the Japan Fund for Poverty Reduction (JFPR) and the Asia Pacific Disaster Response Fund (APDRF) to help DMCs strengthen their capacity to contain the spread of COVID-19.
“While ADB is collaborating with UN agencies and other development partners to provide rapid support to DMCs to quickly prepare for COVID-19, this funding from Japan will also help to strengthen country systems and ensure sustainability in the response to pandemics,” said Director General of ADB’s Sustainable Development and Climate Change Department Woochong Um. “Strong health systems are needed to ensure robust disease surveillance, well trained and equipped health workforces, targeted evidence-based interventions, and sound clinical care.”
Following a $6.5 billion initial package, ADB announced on 13 April to triple the size of its response by adding $13.5 billion in resources to help its DMCs counter the severe macroeconomic and health impacts caused by COVID-19. The $20 billion package includes about $2.5 billion in concessional and grant resources. Japan’s contribution is on top of the package. Visit ADB’s website to learn more about our ongoing response.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.