Categories: International

ADB approves the funding of $2 million to combat Novel Coronavirus

The Asian Development Bank (ADB) has approved the funding of USD 2 million to combat the spread of novel coronavirus (nCoV). The funds will support the efforts to stop the outspread of novel coronavirus (nCoV) by supplementing ongoing regional technical assistance and strengthening response capacity in China, Thailand, Laos, Vietnam, Cambodia, and Myanmar. The funds will also help in boosting the supply of diagnostic and laboratory equipment for rapid testing to help in fight against the outbreak.

The assistance will fund the development of recommendations for improved outbreak investigation and surveillance, including in rural areas, and the strengthening of health systems’ resilience and capacity for epidemic response.

ADB in collaboration with World Health Organisation and other regional experts will also recognize the areas for coordinated responses as well as possible further financial assistance to improve the situation caused by nCoV.

Important takeaways for all competitive exams:

  • Asian Development Bank Headquarters: Manila, Philippines; President: Masatsugu Asakawa.

Find More International News

Recent Posts

Top 10 Most Valuable Banks in the World 2026 – Brand Finance Ranking

Global banking remains the largest and most influential industry worldwide, with the combined brand value…

9 mins ago

India’s Cheetah Population Reaches 53 After Jwala’s Five Cubs at Kuno National Park

Cheetah population in India has reached 53 after Namibian cheetah Jwala gave birth to five…

14 mins ago

Pralay vs Zolfaghar Missile: Tactical Strike Range and Power Comparison

Tactical ballistic missiles are designed for battlefield strikes against high-value targets such as airbases, radar…

18 mins ago

Agni Missile vs Khorramshahr Missile: Range, Speed and Power Comparison

Ballistic missiles are among the most powerful strategic weapons used by countries for deterrence and…

22 mins ago

India’s BrahMos vs Iran’s Hoveyzeh Cruise Missile: Speed and Range Comparison

Cruise missiles play an important role in modern warfare because they can strike targets with…

28 mins ago

CISF Raising Day 2026: Date, History & Significance

CISF Raising Day 2026 is observed across the India on March 10. This day observe…

49 mins ago