ADB sanctions 4 million USD to members countries to contain Corona Virus_00.1
Current Affairs   »   ADB sanctions 4 million USD to...

ADB sanctions 4 million USD to members countries to contain Corona Virus

ADB sanctions 4 million USD to members countries to contain Corona Virus_50.1

Asian Development Bank (ADB) will provide a total of USD 4 million (about ₹29 crores) to help developing countries in Asia and Pacific to fight the outbreak of novel coronavirus (COVID-19).

The Asian Development Bank has approved a further USD 2 million to help developing countries in Asia and the Pacific contain the outbreak of the novel coronavirus and improve resilience to this and other communicable diseases. The funds will be available for all ADB developing member countries in updating and implementing their pandemic response plans.

The work will be conducted in close collaboration with the World Health Organization. ADB’s funding will help countries catalyze efforts to mitigate further damage to the health of families and economies and position them to better respond to the current and future outbreaks. The first tranche assistance was to strengthen the immediate response capacity in Cambodia, China, Laos, Myanmar, Thailand, and Vietnam.

ADB also provided a private sector loan of up to CNY 130 million (USD 18.6 million) to Wuhan, PRC-based Jointown Pharmaceutical Group Co Ltd to enhance the distribution and supply of essential medicines and protective equipment.

Important takeaways for all competitive exams:

  • President of ADB: Masatsugu Asakawa.
  • Formation of ADB: 19 December 1966.
  • Headquarters of ADB: Manila, Philippines.
  • Membership of ADB: 68 countries.

Find More International News 

ADB sanctions 4 million USD to members countries to contain Corona Virus_60.1

×

Download success!

Thanks for downloading the guide. For similar guides, free study material, quizzes, videos and job alerts you can download the Adda247 app from play store.

Thank You, Your details have been submitted we will get back to you.

Was this page helpful?

Leave a comment

Your email address will not be published. Required fields are marked *

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Login

OR

Forgot Password?

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Sign Up

OR
Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Forgot Password

Enter the email address associated with your account, and we'll email you an OTP to verify it's you.


Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to
/6


Did not recive OTP?

Resend in 60s

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Change Password



Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Almost there

Please enter your phone no. to proceed
+91

Join India's largest learning destination

What You Will get ?

  • Job Alerts
  • Daily Quizzes
  • Subject-Wise Quizzes
  • Current Affairs
  • Previous year question papers
  • Doubt Solving session

Enter OTP

Please enter the OTP sent to Edit Number


Did not recive OTP?

Resend 60

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?

By skipping this step you will not recieve any free content avalaible on adda247, also you will miss onto notification and job alerts

Are you sure you want to skip this step?