The Financial Express

Bangladesh to get $3.0m ADB grant to fight Covid-19

| Updated: September 30, 2020 09:24:51

Bangladesh to get $3.0m ADB grant to fight Covid-19

The Asian Development Bank (ADB) will provide Bangladesh US$3.0 million in grant for procuring urgent medical supplies including vaccine for the Covid-19.

To this effect, the Manila-based lender and the Economic Relations Division (ERD) signed an agreement on Tuesday.

ERD Secretary Fatima Yasmin and ADB Country Director Manmohan Parkash virtually signed the grant agreement.

The Government of Japan is financing the grant assistance sourced from the ADB-administered Asia Pacific Disaster Response Fund.

ADB Country Director Manmohan Parkash said: “We are very pleased to provide this grant assistance that can be used to procure COVID-19 vaccine, which is under development, and the government is trying to source it at the earliest for the people of Bangladesh.”

“While the COVID-19 pandemic remains under control, providing vaccine to the people is an urgent priority to tame the disease for resuming economic activities in full swing.”

“We are closely working with the government to minimise the health and economic impacts of the COVID-19 pandemic and help accelerate the post-pandemic socio-economic recovery of the country,” Mr Parkash added.



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