News

IMF Executive Board approves $99 million disbursement under the Rapid Financing Instrument to Mongolia to address the COVID-19 pandemic

This emergency financial assistance will help support foreign exchange reserves, create fiscal space for essential pandemic-related expenditure, and catalyze donor support.

ADB, ESCAP discuss stepping up cooperation to help Asia and Pacific in addressing COVID-19 crisis

Asian Development Bank (ADB) President Masatsugu Asakawa and United Nations Economic and Social Commission for Asia and Pacific (ESCAP) Executive Secretary Armida Salsiah Alisjahbana discussed enhancing cooperation to help the region as it addresses the novel coronavirus disease (COVID-19) pandemic.

EBRD, EU and EIB help improve solid waste services in Kyrgyz Republic

Over 300,000 residents of Osh City and two neighbouring municipalities will have better solid waste services thanks to a joint financing program organized by the EBRD, the European Union, and the European Investment Bank.

ADB President, President of Azerbaijan discuss combating COVID-19 and enhancing partnership

The two leaders discussed possible options for ADB’s support to Azerbaijan and whether additional policy measures may be required to further mitigate the socioeconomic risks of the pandemic and stimulate the financial and private sectors to enable the country’s economy to more quickly return to sustainable growth.

ADB $100 million loan to mitigate adverse health, economic impacts of COVID-19 in Georgia

The Asian Development Bank (ADB) has approved a $100 million loan to help the Government of Georgia contain the spread of the novel coronavirus disease (COVID-19) pandemic, mitigate the impact on businesses, and protect the livelihoods of the most vulnerable, including women and children.

New ADB tool offers roadmap to unblock supplies of life-saving products

ADB’s Trade Finance Program and Supply Chain Finance Program is helping resolve this through a new online tool which maps these supply chains, allowing governments, banks, investors, and healthcare professionals to pinpoint companies making these products and intervene to clear any blockages.

Pakistan takes action to reduce social impacts of COVID-19

The World Bank’s Board of Executive Directors approved a $500 million program to help Pakistan improve access to quality health care and education, support economic opportunities for women, and strengthen social safety nets as the country braces to limit the impact of the COVID-19 pandemic.

ADB $300 million loan to help mitigate COVID-19 impacts in Pakistan

The Asian Development Bank (ADB) has approved a $300 million emergency assistance loan to strengthen Pakistan’s public health response to the novel coronavirus disease (COVID-19) pandemic and help meet the basic needs of vulnerable and poor segments of society.

ADB allocates $1.36 million grant for Uzbekistan’s fight against COVID-19

The Asian Development Bank (ADB) has allocated a $1.36 million grant for Uzbekistan to procure medical equipment and supplies to support the country’s efforts to combat the novel coronavirus disease (COVID-19) pandemic.

Kyrgyz Republic small business produces coronavirus-proof antiseptic dispenser

EBRD and EU helped Matkasymov LLC, a leading producer of household products, to increase efficiency. In the face of the coronavirus pandemic, the company is applying rapid prototyping principles to fulfill urgent market needs.