The Asian Development Bank (ADB) on Tuesday said it has approved $1.5 billion loan to India to help fund its fight against coronavirus pandemic.
The loan has been sanctioned to support immediate priorities such as disease containment and prevention, as well as social protection for the poor and economically vulnerable sections.
It is fully committed to supporting the Indian government in its response to this unprecedented challenge, said ADB president Masatsugu Asakawa.
“The quick-disbursing fund is part of a larger package of support that ADB will provide in close coordination with the government and other development partners.
“We are determined to support India’s COVID-19 response programmes and ensure that they provide effective support to the people of India, especially the poor and vulnerable,” Asakawa said in a statement.
You have reached your limit for free articles this month.
Register to The Hindu for free and get unlimited access for 30 days.
Subscription Benefits Include
Today's Paper
Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.
Unlimited Access
Enjoy reading as many articles as you wish without any limitations.
Personalised recommendations
A select list of articles that match your interests and tastes.
Faster pages
Move smoothly between articles as our pages load instantly.
Dashboard
A one-stop-shop for seeing the latest updates, and managing your preferences.
Briefing
We brief you on the latest and most important developments, three times a day.
Not convinced? Know why you should pay for news.
*Our Digital Subscription plans do not currently include the e-paper ,crossword, iPhone, iPad mobile applications and print. Our plans enhance your reading experience.
