Coronavirus impact: ADB assures India of $2.2 billion support package
Coronavirus update: ADB President Masatsugu Asakawa said the assistance to India will be inreased if required and said that they are committed to supporting India's emergency needs
- Apr 10, 2020,
- Updated Apr 13, 2020 3:43 PM IST
Asian Development Bank (ADB) has assured India of $2.2 billion (Rs 16,500 crore) in support to fight the coronavirus pandemic. ADB President Masatsugu Asakawa on Friday spoke to Finance Minister Nirmala Sitharaman and assured her of the assistance.
Asakawa also applauded India's response to the pandemic, including the tax and other relief measures undertaken by the government.
"ADB is committed to supporting India's emergency needs. We are now preparing $2.2 billion in immediate assistance to the health sector and to help alleviate the economic impact of the pandemic on the poor; informal workers; micro, small, and medium-sized enterprises; and the financial sector," Asakawa said as mentioned in a report in PTI.
Asian Development Bank (ADB) has assured India of $2.2 billion (Rs 16,500 crore) in support to fight the coronavirus pandemic. ADB President Masatsugu Asakawa on Friday spoke to Finance Minister Nirmala Sitharaman and assured her of the assistance.
Asakawa also applauded India's response to the pandemic, including the tax and other relief measures undertaken by the government.
"ADB is committed to supporting India's emergency needs. We are now preparing $2.2 billion in immediate assistance to the health sector and to help alleviate the economic impact of the pandemic on the poor; informal workers; micro, small, and medium-sized enterprises; and the financial sector," Asakawa said as mentioned in a report in PTI.