ISLAMABAD: The Asian Development Bank (ADB) funded novel coronavirus relief assistance arrived at the airport today (Monday), ARY News reported.
“The outbreak of COVID-19 is a profound challenge for Pakistan and we are committed to providing flexible and timely support to help manage this crisis,” said ADB Country Director for Pakistan, Xiaohong Yang.
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The medical aide will be disbursed within the country by the National Disaster Management Authority (NDMA).
Yesterday, Asian Development Bank (ADB) repurposed $50 million from Pakistan’s National Disaster Risk Management Fund (NDRMF) to support the government preventive and response efforts to fight the outbreak of the novel coronavirus disease in the country.
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The funds, which form part of ADB’s series of support for Pakistan’s fight against COVID-19, will help to procure medical equipment and supplies to strengthen hospitals, diagnostic laboratories, isolation units, and other medical facilities in the country.
The funds include the reallocation of $30 million of previously approved but unutilised resources from ADB to the NDRMF.
Read More: ADB repurposes $50mn for Pakistan to combat COVID-19
Following a request for emergency support from the Government of Pakistan, ADB swiftly processed a change in scope in its NDRMF project, enabling the repurposing and immediate use of these resources in the fight against COVID-19, reads a press release by ADB.
In addition, the NDRMF has provided $20 million using capital gains from its endowment fund financed by the ADB to support the government’s COVID-19 response.
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