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Asia’s leading financial agency the Asian Development Bank (ADB) has approved a $250 million loan to help the Government of Cambodia respond to the coronavirus disease (COVID-19) pandemic. The financial assistance will strengthen the country’s health care system and providing economic stimulus to businesses.

  • The ADB’s fund will provide social assistance to the poor and vulnerable, and providing economic stimulus to small and medium-sized enterprises.
  • Cambodia is highly vulnerable to the negative impacts from COVID-19, due to its open economy, narrow economic base, and highly mobile population.

    The major deals and financial assistance by ADB are mentioned below:

    June 2020: Asian Development Bank (ADB) has announced $100 million loan to expand the coverage of an ongoing rural road network improvement project in Bangladesh. The expansion of project will benefit around 40.2 million inhabitants of country./

    May 2020: Asian Development Bank (ADB) had approved around $300 million loan to help PT Geo Dipa Energi (GDE), an Indonesian state-owned company, expand its geothermal power generation capacity by 110 megawatts in Java.

    May 2020: Asian Development Bank (ADB) had announced a $100 million loan to the Government of Mongolia to mitigate the severe health and economic impacts of the novel coronavirus disease (COVID-19) pandemic.

    May 2020: Asian Development Bank (ADB) had announced an additional $500 million loan to bolster the efforts of the Government of Bangladesh to manage the impact of the novel coronavirus disease (COVID-19) pandemic on the country’s economy and the public health.

    May 2020: Asian Development Bank (ADB) had provided a $25 mn trade loan to the State Pharmaceuticals Corporation of Sri Lanka (SPC) to purchase medical supplies as part of the country’s response to the novel coronavirus disease (COVID-19) pandemic.

    April 2020: Asian Development Bank (ADB) had approved approximately $1.5 billion loan to the Government of India to help fund its response to the novel coronavirus disease (COVID-19) pandemic. ADB’s COVID-19 Active Response and Expenditure Support (CARES) Program will contribute directly to the improvement of access to health facilities and care.

    April 2020: Asian Development Bank (ADB) had approved a $200 million loan to support the Philippine government’s effort to provide emergency cash subsidies to weak households amid the COVID-19 pandemic. The financial assistance by ADB will support the government’s emergency subsidy program, which was designed to help vulnerable households get through this very difficult period and avoid falling into poverty.

    April 2020: Asian Development Bank (ADB) had announced approximately $1.5 billion financial support to the Government of Indonesia to alleviate the impact of the novel coronavirus disease (COVID-19) pandemic on public health, and the national economy. Indonesia has been severely affected by the global pandemic.

    April 2020: Asian Development Bank (ADB) had assured Indian government to support with approximately $2.2 billion in its fight against the novel coronavirus disease (COVID-19) pandemic.

    April 2020: Asian Development Bank (ADB) had approved $200,000 as an emergency medical assistance to help the Kyrgyz Republic to fight against coronavirus (COVID-19) pandemic.

    January 2020: Asian Development Bank (ADB) had signed a $37.8 million loan deal with TTC Energy Development Investment Joint Stock Company (TTC Energy) to develop a 50MW photovoltaic solar power plant in Tay Ninh Province in Viet Nam. A supplementary $7.6 million loan was provided by Leading Asia’s Private Infrastructure Fund, which is supported by the Japan International Cooperation Agency.

About The Asian Development Bank
The Asian Development Bank (ADB) is a Manila-based regional development bank formed in 1966 which assists its members by providing loans, grants, technical assistance, and equity investments to promote social and economic development in the region.

ADB is committed to achieving a prosperous, resilient, inclusive, and sustainable Asia and the Pacific region. It empowers people by providing information with a set of principles and exceptions.

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