ADB assures $2.2 bn support package to India for COVID-19 response
ADB is committed to supporting India's emergency needs
The Asian Development Bank (ADB) President has assured Minister of Finance Nirmala Sitharaman of $2.2 billion (about Rs 16,500 crore) support to India in its fight against the COVID-19 pandemic.
ADB is committed to supporting India's emergency needs. It is now preparing $2.2 billion in immediate assistance to the health sector and help alleviate the economic impact of the pandemic on the poor, informal workers, micro, small, and medium-size enterprises, and the financial sector.
ADB is also engaged with the private sector to meet its financing needs during the period. ADB assistance for India will be further increased if needed. The bank will consider all financing options available to meet India's needs, including emergency assistance, policy-based loans, and budget support to facilitate swift disbursement of ADB funds.